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International law firm Allens has advised Burnet Institute and management shareholders on the sale of Melbourne-based contract service organisation 360biolabs.
Firm: Allens (The Macfarlane Burnet Institute for Medical Research and Public Health and 360biolabs’ management shareholders).
Value: Undisclosed.
Area: M&A, corporate.
Key players: The Allens legal team was led by M&A partner Emin Altiparmak, with assistance from senior overseas practitioner Greg Lawson, senior associate Joanne Pak, associate Kye-Ren Cheong and lawyer Patrick O'Bryan.
Real estate partner Michael Graves, senior associate Zainab Mahmood and associate Simon Chiarelli also assisted in the deal, as did technology and privacy partner Michael Park and senior associate Jamie Griffin.
Deal significance: The Macfarlane Burnet Institute for Medical Research and Public Health is a Melbourne-based medical research and public health organisation, while BioAgilytix Labs is a US-based contract research organisation, backed by European private equity firm, Cobepa.
360biolabs is a Melbourne-based contract service organisation providing specialist expertise and laboratory services for the development of new therapeutics, vaccines and diagnostics, according to a statement from Allens, which noted the transaction “is expected to strengthen 360biolabs’ ability and capacity to support bioanalytical services across all stages, development capabilities and geographies”.
Commenting further, lead partner Mr Altiparmak said: “360biolabs is another example of the exciting commercial opportunities coming out of our Australian medical research institutions.
“These niche healthcare investment opportunities remain very attractive to investors of all types including private equity sponsors, and so we expect there will be more coming to market in the year or two ahead.”
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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