GHO Capital Partners and Ampersand Capital Acquire Avid Bioservices for $1.1 Billion
November 09, 2024
November 09, 2024
BOSTON, Massachusetts, Nov. 9 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented GHO Capital Partners and Ampersand Capital Partners in the acquisition of Avid Bioservices for $1.1 billion. The all-cash transaction was announced Nov. 6 in a press release.
The $12.50 per share purchase price represents a 13.8% premium to Avid's closing share price of $10.98 on Nov. 6, and a 21.9% premium to the company's 20-day volume-weighted average . . .
Ropes & Gray represented GHO Capital Partners and Ampersand Capital Partners in the acquisition of Avid Bioservices for $1.1 billion. The all-cash transaction was announced Nov. 6 in a press release.
The $12.50 per share purchase price represents a 13.8% premium to Avid's closing share price of $10.98 on Nov. 6, and a 21.9% premium to the company's 20-day volume-weighted average . . .