M&A
confidence high
sentiment positive
materiality 0.70
Repligen to acquire Avitide for ~$150M in cash and stock, adding affinity chromatography capabilities
REPLIGEN CORP
- Total consideration ~$150M, consisting of $75M cash and $75M in Repligen common stock, plus three-year earnout.
- Avitide expected to contribute ~$10M revenue in 2022 and be accretive to adjusted EPS in 2023.
- Transaction strengthens Repligen's affinity ligand discovery platform for gene therapy and other modalities.
- Deal expected to close in Q3 2021; funded with cash on hand ($734M at June 30, 2021).