Alliance Pharma Receives Cash Offer from DBAY Advisors
Deal News | Jan 10, 2025 | Travers Smith
Travers Smith has assisted DBAY Advisors, along with Aegros Bidco Limited, in extending a recommended cash offer for Alliance Pharma plc, with the valuation pegged at roughly £350 million. The legal advisory team at Travers Smith was led by Mohammed Senouci and included a diverse group of senior associates, associates, and trainees. The transaction also saw expertise drawn from various specialists within the firm for finance, remuneration, and competition issues. DBAY Advisors, an asset management firm targeting institutional investors, adds this transaction as part of its active portfolio, amidst Travers Smith's involvement in other significant public takeovers.
Sectors
- Asset Management
- Pharmaceuticals
- Legal Services
Geography
- United Kingdom – The acquisition target, Alliance Pharma plc, is based in the UK.
Industry
- Asset Management – DBAY Advisors is part of the asset management industry, managing funds and investment vehicles.
- Pharmaceuticals – Alliance Pharma plc operates in the pharmaceuticals industry as the target company in the acquisition.
- Legal Services – Travers Smith provides legal advisory services in this transaction, placing this within the legal services industry.
Financials
- £350 million – The value of the recommended cash offer for Alliance Pharma plc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DBAY Advisors | Bidding Company | Company | An international asset management firm managing a range of funds for institutional investors. |
| Aegros Bidco Limited | Bidding Company | Company | A company involved in the recommended cash offer for Alliance Pharma plc with DBAY Advisors. |
| Alliance Pharma plc | Target Company | Company | A pharmaceutical company receiving a cash offer from DBAY Advisors and Aegros Bidco Limited. |
| Travers Smith | Legal Advisor | Company | A law firm providing advisory services to DBAY Advisors on the cash offer for Alliance Pharma plc. |
| Mohammed Senouci | Corporate Partner | Person | Corporate Partner at Travers Smith leading the advisory team for the DBAY Advisors' transaction. |