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All Blue Capital Announces Leadership To Support Proposed Acquisition Of Zymeworks, Inc.

May 03, 2022•over 3 years ago

Acquiring Company

All Blue

Acquired Company

ZYMEWORKS

Artificial IntelligenceLending And InvestmentsFinancial ServicesData And Analytics

Description

All Blue Capital ("AB"), a global investment firm, today announced that biopharmaceutical industry leader and expert, Alan Barge, MD, has agreed to advise the firm as Oncology Drug Development Advisor. In this capacity, Dr. Barge is prepared to provide the expertise, focused leadership and business acumen necessary to support AB's recent proposal to acquire Zymeworks, Inc. (NYSE: ZYME), a clinical-stage biotechnology company, with the goal of reversing the value-destructive measures that Zymeworks and its board of directors implemented over the past 12 months. Following a successful completion of the transaction, Dr. Barge would serve on Zymeworks' board, adding additional value to AB's current offer.

Company Information

Company

All Blue

About

AB is a global investment firm that manages multiple alternative asset classes, including private equity, real estate, blockchain and hedge funds. Leveraging the strength of the team's global presence and through its strategic network of partners, AB is able to take advantage of differentiated investment opportunities across asset classes, industries and geographies. AB's focus on its core values of entrepreneurialism, innovation, and institutionalization has led to a history of delivering excellent risk-adjusted returns.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed