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Joele Frank handles Apogee Therapeutics as the clinical stage biotechnology company is acquired by AbbVie in a transaction valued at $10.9B.
Apogee’s pipeline includes drug candidates designed to treat inflammatory and immunological diseases including atopic dermatitis and asthma.
“The acquisition of Apogee further builds on our existing leadership, strengthening our ability to deliver innovative medicines to patients who need better options while also creating significant long-term value for shareholders,” said AbbVie CEO Robert Michael.
He believes AbbVie is "uniquely positioned to rapidly advance these programs and continue to transform the standard of care in inflammatory diseases.”
The acquisition is expected to close during the third quarter.
Joele Frank, Wilkinson Brimmer Katcher partners Andrea Rose and Aura Reinhard along with managing director Greg Klassen and director Carly King represent Apogee.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
