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Transactions

Strategy and support for financing, restructuring, divestitures and M&A initiatives to grow your business.

  1. Venture Capital / Private Equity - Early Stage Science and Discovery Vehicle Collaboration between Bristol-Myers Squibb and Allied Minds to form Allied-Bristol Life Sciences LLC, an enterprise created to identify and foster research and pre-clinical development of biopharmaceutical innovations from leading university research institutions across the U.S. Allied Minds and Bristol-Myers Squibb together will form and fund new companies to conduct feasibility and full-phase discovery programs. Once a program succeeds in identifying a pre-clinical candidate, Bristol-Myers Squibb will have the option to acquire the company from Allied-Bristol Life Sciences LLC under pre-agreed terms.  
    Role:  Transaction Advisor  
    Reporting to the CFO, responsible to evaluate and gain alignment on potential vehicle structures to share risk and expand access to research and development programs through financial partnering.
       Worked with transaction lead, legal and technical accounting to characterize, evaluate and make recommendations on various transaction and vehicle structures  
       Presented various vehicle structures to gain alignment with senior management
       Authored presentations to gain Board approval of alternative R&D financing vehicle strategies 
  2. Private Equity 
    Raised $6.3 M in Private Equity financing for NexGenix Pharmaceuticals. 
    Role:  Transaction Lead 
    Reporting to the CEO, led the process for investment in a Series B round of private equity funding.
       Authored company materials and presented to Angel and Private Equity investors
       Authored prospectus
       Managed share transfer process and financial reporting requirements 
  3. Initial Public Offering 
    $10 M Initial Public Offering for Adherex Technologies (TSX: AHX) underwritten by a syndicate led by Canaccord Capital Corporation, and including Yorkton Securities Inc., TD Securities Inc. and Dlouhy Merchant Group Inc.  
    Role:  Transaction Team Member 
    Reporting to the COO responsible for supporting financial, marketing and investor relations activities related to the IPO 
       Authored key sections of the company prospectus related to scientific/medical rationale, drug development strategy, and operational capabilities  
       Developed ‘Roadshow’ presentation materials 
       Drafted securities filings for accounting/legal review and managed share transfer agent 
  4. Private Company Acquisition
    $725 M acquisition of iPierian, Inc., by Bristol-Myers Squbb. Structured acquisition with an up-front purchase price of $175 M, potential development and regulatory milestone payments of up to $550 million, and a unspecified royalty on future net sales.  
    Role: Transaction Lead  
    Reporting to the VP Business Development, responsible to lead organizational alignment and diligence team to successful acquisition.  
       Drove analysis and strategic thinking to frame discussions around the firm’s priorities and translate strategic objectives into actionable deal criteria
       Managed deal comparables analysis, diligence process and management communications  
       Participated in deal structuring, negotiation and legal contract review
       Obtained organizational alignment and authored materials for management briefings and Board approval 
  5. Public Company Acquisition with Co-Commercialization Partner
    $7 B acquisition of Amylin Pharmaceuticals (NASDAQ: AMLN), by Bristol-Myers Squibb. This innovative transaction included a collaboration arrangement with AstraZeneca to subsequently acquire 50% ownership of the newly acquired entity for $3.5 B.   
    Role:  Transaction Lead  
    Reporting to the VP corporate development, responsible to lead organizational alignment and diligence team to successful acquisition.  
       Managed diligence process and financial valuation
       Obtained organizational alignment and authored materials for management briefings and board approval for hostile acquisition offer and subsequent sale process
       Act as lead point of contact for external advisors, acquisition partner and internal diligence team  
       Participated in deal structuring, negotiation and legal contract review
       Co-led negotiations for a definitive collaboration and co-commercialization agreement with AstraZeneca for the assets post-acquisiton 
  6. Divestiture of Latin American Over-the-Counter Medicine Brands
    Structured buy-out in the form of a three year license and supply agreement between Bristol-Myers Squibb and Reckitt Benckiser for a number of market-leading OTC brands in Latin America, with an option to purchase at the end of the three year period. Financial terms include a $482 M upfront payment, undisclosed royalties and an undisclosed purchase price. 
    Role:  Transaction Co-Lead  
    Reporting to the VP corporate development, responsible to lead organizational alignment and diligence team to successful completion of the structured asset divestiture.  
       Define divestiture scope related to assets, regions, and financial structure to align with BMS strategy
       Gain internal buy-in from key stakeholders including global organization executives, country managers and core OTC team    
       Act as lead point of contact for external advisors and third parties
       Prepared ‘teaser’ materials, Confidential Information Memorandum and Management Presentations in an organized sale process
       Lead efforts of cross functional manufacturing, regulatory, commercial and operations diligence team
       Prepare executive briefs, talking points and board approval materials  
  7. Technology License and Collaborative Research Agreement
    HSP90 Inhibitor In-license from Universite Louis Pasteur, Strasbourg NexGenix Pharmaceuticals .  Exclusive Worldwide License to develop and commercialize a novel family of Hsp90 inhibitor and Collaborative Research Agreement to further expand the compound series in return for maintenance fees, milestone payments and royalties. Terms not disclosed. 
    Role:  Transaction Lead 
    Reporting to the CEO, responsible to lead diligence and valuation efforts, ensure management and board alignment and negotiate transaction.
       Evaluation/Diligence  
       Alignment with key internal stakeholders and board members
       Valuation analysis and term negotiation
       Contract negotiation 
  8. Spin-off and Merger
    Adherex Technologies spin-off of non-cancer assets into Cadherin Biomedical Research, Inc. and merger of equals with Oxiquant Inc., a private US pharmaceutical company into a combined company with a focus on anti-cancer therapeutics.   
    Role:  Transaction Lead 
    Reporting to the CEO/COO responsible for coordinating diligence materials, advising upon terms, authoring supporting materials for the transaction and managing the shareholder approval process.   
       Co-led diligence evaluation team (with Project Manager) 
       Evaluated terms and participated in negotiations, prepared board discussion and shareholder approval materials  

Contact

Michelle Conrey, MBA

Managing Director and Consultant

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