Acacia Pharma Group plc raises 40 million euros through successful Initial Global Offering

Degroof Petercam successfully completed the Initial Global Offering (IGO) of Acacia Pharma at Euronext Brussels. For this transaction, consisting of a private placement followed by the admission onto the regulated market, Degroof Petercam acted as Joint Global Coordinator and Bookrunner. In total, EUR 40 million was raised at EUR 3.60 per share, resulting in a market capitalization of EUR 190 million. Degroof Petercam proved its capacity to generate substantial demand from both local and international institutional investors within its network and solely ensured the full placement.

Acacia Pharma is a British hospital pharmaceutical group which is also active on the American market. The company is focused on the development and commercialization of new nausea & vomiting treatments for surgical and cancer patients.

The admission of Acacia onto Euronext Brussels was the first one in 2018. "The successful IGO of Acacia Pharma is a fine example of Degroof Petercam's internationally renowned expertise in the domain of life sciences. Moreover, the transaction also acknowledges our efforts to put forward Euronext as the reference market for European life sciences companies, including British ones ", François Wohrer, head of Investment Banking at Degroof Petercam, explains.

Please find more information in Acacia Pharma’s press release : http://acaciapharma.com/uploads/default/restricted/Acacia_Pharma_-_Pricing_-_02032018_-_vF.pdf

 

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Bob De Leersnyder

External Communication Manager, Bank Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Being privately owned by family shareholders driven by long-term commitment, we are independent by structure and by nature. We create responsible prosperity for all by opening doors to opportunities and accompanying our private, corporate and institutional clients with expertise. 

Clients in over 20 countries trust us for our convictions and for our distinctive combination of services in private banking, asset management, investment banking (corporate finance and global markets) and asset services. 

Total client assets (under management, under administration and in custody) amount to 86 billion euros (on 31.12.2021). More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy and Hong Kong.

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