Excuus, deze pagina is alleen beschikbaar in het Engels.

Deal or Case news
09.12.2021
NautaDutilh advised BenevolentAI, a UK based leading clinical-stage AI drug discovery company on its definitive agreement for a business combination with Odyssey Acquisition S.A. (Odyssey), a Euronext Amsterdam-listed SPAC (special purpose acquisition company).

It is the biggest acquisition by a European SPAC to date, and one of Amsterdam's biggest biotech listings. The terms of the combination value BenevolentAI at a pre-money valuation of €1.1 billion and a post-money valuation of €1.5 billion, prior to any redemptions.

Net transaction proceeds are expected to be up to €390 million. The funds will be used to accelerate BenevolentAI's development, scale-up its clinical pipeline, continue investment in its technology platform, consolidate its leadership position in AI-enabled drug discovery, and deliver multiple value inflection points in the near future.

Our cross-border team, led by Stefan Wissing, consisted of Antonia Netiv, Josée Weydert, Aline Nassoy, Meliha Dacic, Romain Sabatier, Sabrina Legerstee and Felix Seuntjens.

'BenevolentAI has more than 20 programmes in its portfolio, and this de-SPAC deal means it now has the capital to scale its pipeline, among other things. It is great that we, together with Latham & Watkins, were able to contribute to this result. A real team effort', says Stefan. 'In a fast-moving transaction, we were able to truly add value by providing seamless service on both Dutch and Luxembourg corporate and capital markets aspects of the deal.'

NautaDutilh worked alongside Latham & Watkins London. Odyssey was represented by Skadden in London, Elvinger Hoss & Prussen in Luxembourg and Stibbe in the Netherlands.

Related articles

Cookie notificatie

Deze website maakt gebruik van cookies en daarmee vergelijkbare technieken om een optimale gebruikerservaring te bieden. Je kunt je voorkeuren aanpassen of meer informatie bekijken.
Deze cookies zorgen ervoor dat de website naar behoren werkt. Deze cookies kunnen niet uitgezet worden.
Deze cookies kunnen geplaatst worden door derde partijen, zoals YouTube of Vimeo.
Door categorieën uit te zetten, kan het voorkomen dat gerelateerde functionaliteiten binnen de website niet langer correct werken. Het is altijd mogelijk om op een later moment de voorkeuren aan te passen. Bekijk meer informatie.