Advent and GIC make USD 8bn bid for Swedish biotech firm

The bid may open the door to a rival bid from a drugmaker, said Per Colleen, head of fundamental equities at Swedish state pension fund AP4, which owns about 7 percent of the biotech firm.

Per Colleen, head of equities, AP4 | Photo: PR / AP4/Peter Phillips

BY THOMAS MULIER, BLOOMBERG

Private equity firm Advent International and Singapore wealth fund GIC have agreed to buy drugmaker Swedish Orphan Biovitrum AB for USD 8bn, in the largest buyout of a Nordic company in more than five years - provided a larger bid doesn't appear.

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Post-pandemic healthcare trends will turn, says SEB's new biotech portfolio lead

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

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