trending Market Intelligence /marketintelligence/en/news-insights/trending/W_KKaF_gEwqjS4zbhXWYVA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Knight Therapeutics to buy majority stake in Latin America-focused Biotoscana

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Knight Therapeutics to buy majority stake in Latin America-focused Biotoscana

Knight Therapeutics Inc. is acquiring a 51.21% stake in Biotoscana Investments SA from a controlling shareholder group that includes Advent International Corp. and Essex Woodlands Management Inc. for about 596 million Brazilian reais.

Biotoscana is a biopharmaceutical group that operates in the Latin American region and focuses on oncology, onco-hematology, infectious diseases and other specialty therapeutic areas. Biotoscana generated revenue of 754 million reais and adjusted EBITDA of 154 million reais, for the 12 months ending June 30.

Under the agreement, Montreal-based Knight will pay 10.96 reais per share to acquire the 51.21% stake.

This private transaction — expected to close by Nov. 29, subject to customary closing conditions — will not have to get antitrust approval in Brazil.

Knight will appoint its representatives to Biotoscana's board after the completion of the transaction, which will be funded by cash.

After the transaction's closing, Knight will launch a mandatory tender offer to buy the remaining 48.79% stake in Biotoscana from public shareholders. The tender offer, which may take four to eight months to be completed, is expected to be fully funded by cash.

Knight expects to pay in total an equity purchase price of 1.16 billion reais, or C$369 million, and an enterprise value of about 1.32 billion reais, or C$418 million, including net debt, after the 100% acquisition of Biotoscana.

Knight CEO Jonathan Goodman said the acquisition will position the company as a non-U.S. pan-American in-licensing partner of choice for global companies.

RBC Capital Markets is acting as the exclusive financial adviser, while Davies Ward Phillips & Vineberg LLP is serving as legal adviser for Knight.

Earlier in October, it was reported that Knight and its Brazilian peer Eurofarma Laboratórios SA were eyeing a controlling stake in Biotoscana, as Advent and Essex Woodlands were looking to exit their stakes.

As of Oct. 18, US$1 was equivalent to 4.13 Brazilian reais.