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The Netherlands
0800 17 37
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+32 (0)32 86 69 80
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+41 (0)43 377 11 11
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The Netherlands
+31 (0)20 348 87 00
United Kingdom
+44 (0)20 36 36 94 00
France
+33 (0)18 375 62 73
We are happy to speak to you in person. Call us or click on the link below for more contact options and locations.
The Netherlands
+31 (0)20 348 80 00
United Kingdom
+44 (0)20 36 36 94 00
United States of America
+1 (0)21 237 601 34
Molecular Partners
Joint Bookrunner
Kempen & Co is pleased to announce that it acted as Joint Bookrunner in Molecular Partners’ CHF 80.2m Accelerated Bookbuild Offering
Transaction highlights
- Molecular Partners raised CHF 80.2m, representing approximately 25% of the company's share capital prior to announcement
- Strong demand from select US investors served as an anchor for the deal which priced at CHF 14.50, a tight 2.8% discount to the share price prior to announcement
- The offering included participation by new and existing institutional investors in Switzerland, the US and the EU, including Suvretta Capital Management, LLC, Camber Capital Management LP, BVF Partners L.P., Federated Hermes Kaufmann Funds and Monashee Investment Management LLC
- Proceeds from the transaction will help Molecular Partners accelerate development of its SARS-CoV-2 antiviral candidate MP0420, as well as its early stage clinical and preclinical oncology assets
- This transaction builds on the longstanding relationship between Molecular Partners and Kempen & Co including in 3Q19 a major block trade of c. 5% of the company’s then outstanding share capital executed by Kempen & Co's Trading Desk
- This also marks the first ECM transaction for the Kempen & Co Life Sciences franchise for a Swiss company, underpinning our pan-European approach
Company description
Molecular Partners is a clinical-stage biotech company developing a new class of custom-built proteins known as DARPin® therapeutics, designed to address challenges current modalities cannot. The company has compounds in various stages of clinical and preclinical development with a focus on oncology. Molecular Partners has formed partnerships with leading pharmaceutical companies to advance DARPin® therapeutics across multiple therapeutic areas.
Background Kempen & Co Life Sciences & Healthcare
- Co-Manager in the USD 600 million Capital Increase by Ascendis Pharma
- Financial advisor in Immatics’ business combination with Arya Sciences Acquisition Corp., thereby becoming a Nasdaq listed company and securing USD 253 million
- Joint Global Coordinator and Joint Bookrunner in the €61.8 million Initial Public Offering by Hyloris Pharmaceuticals
- Joint Bookrunner in the €20.0 million Capital Increase by Oryzon Genomics
- Joint Global Coordinator and Joint Bookrunner in the SEK 487 million Capital Increase by BioInvent
- Joint Global Coordinator and Joint Bookrunner in the c. SEK 400 million Capital Increase by Immunovia
- Co-Manager in the USD 862 million Global Offering by argenx
- Joint Bookrunner in the SEK 1,414 million Capital Increase by Oncopeptides
- Co-Manager in the USD 154 million Global Offering of DBV Therapeutics
- Joint Global Coordinator and Joint Bookrunner in the €19.0 million Capital Increase by Sequana Medical
- Lead Manager in the USD 557 million Global Offering by argenx
- Co-Manager in the USD 79.2 million US Public Offering by Merus
- Co-Manager in the USD 57.5 million Capital Increase by ProQR
- Co-Manager in the USD 150 million Nasdaq IPO of BioNTech
- Sole Bookrunner in the €9.0 million Capital Increase by MDxHealth
- Co-Manager in the USD 20.0 million Global Offering of Celyad
- Co-Manager in the USD 582 million NASDAQ IPO of Genmab