Zydus Lifesciences Executes Undertakings to Acquire Amplitude Surgical Shares

Deal News | Apr 17, 2025 | PR Newswire Cision Zydus Lifesciences Limited

Zydus Lifesciences Limited has announced the execution of undertakings to tender 2,236,911 shares of Amplitude Surgical SA. This equates to 4.7% of the company's capital and voting rights. Zydus is poised to acquire over 90% of Amplitude’s capital and voting rights, following its acquisition of an 85.6% stake from PAI Partners, management, and minority shareholders. However, these undertakings can be revoked if a third party files a compliant competing tender offer. The acquisition of the 85.6% block is anticipated to complete by June 2025, contingent on regulatory approvals, with the tender offer subject to the clearance by Autorité des marchés financiers.

Sectors

  • Healthcare
  • Private Equity

Geography

  • India – Zydus Lifesciences Limited is headquartered in Ahmedabad, India, and plays a significant role in this tender offer.
  • France – Amplitude Surgical SA is based in Paris, France, and is the target company in the acquisition talks.

Industry

  • Healthcare – Zydus Lifesciences Limited and Amplitude Surgical SA operate within the healthcare sector, focusing on pharmaceutical and surgical solutions.
  • Private Equity – The article involves Zydus Lifesciences' acquisition of a significant stake in Amplitude Surgical, a transaction often overseen by private equity firms.

Financials

  • 85.6% – Percentage of Amplitude Surgical capital acquired by Zydus from PAI Partners, management, and minority shareholders.
  • 4.7% – Percentage of Amplitude Surgical shares tendered in the latest undertakings by Zydus Lifesciences.
  • 2,236,911 shares – The number of Amplitude Surgical shares subject to undertakings in the tender offer.

Participants

NameRoleTypeDescription
Zydus Lifesciences LimitedBidding CompanyCompanyZydus Lifesciences is a pharmaceutical company leading the acquisition for Amplitude Surgical shares.
Amplitude Surgical SATarget CompanyCompanyA France-based surgical technologies company in which Zydus aims to acquire a majority stake.
PAI PartnersSelling CompanyCompanyPAI Partners is a shareholder of Amplitude Surgical SA selling their stake as part of the transaction.
Autorité des marchés financiersRegulatory AuthorityGovernmentThe French financial markets regulator responsible for overseeing the tender offer compliance.