Advanced BioHealing Chooses Last Minute M&A Over IPO

Shire plc, the global specialty biopharmaceutical company, announces that it has signed a last minute agreement to acquire Advanced BioHealing, Inc a day before it was said to go public. Shire is paying $750 million cash, which implies slightly more than five times Advnaced BioHealing sales lat year.  If you are interested in more details about this transaction, please check out our deal profile below.

– Implied Enterprise Value ($mm) $750
– LTM Sales ($mm) $147 – EV/Sales 5.1x
– LTM EBITDA ($mm) $30 – EV/EBITDA 35.7x

Advanced BioHealing Chooses Last Minute M&A Over IPO


About Bourne Partners

As a healthcare-focused merchant bank, Bourne Partners provides financial advisory, direct investment, alternative assets and management consulting services to our client-partners. We play an active role in helping businesses grow by creating long-term, profitable relationships that extend beyond single transactions. It is our focus on relationships and long-term results that has yielded us an impeccable track record of client satisfaction . Our direct and indirect investments in sector-leading companies – often through our relationships with top-tier Private Equity funds – allow us to learn about the best-of-the-best from the inside and apply that knowledge to the companies we serve. At Bourne Partners, we operate within a specific set of core boundaries: integrity, accountability, teamwork, loyalty and commitment are the driving forces behind everything we do.
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