Carlyle to acquire life sciences investment firm Abingworth
Global investment firm Carlyle (Nasdaq: CG) announced today that it has agreed to acquire Abingworth, a transatlantic life sciences investment firm with over $2 billion in assets under management (AUM), to bolster Carlyle’s leading global healthcare franchise and enter the biotech financing arena.
Today’s announcement demonstrates an extension of Carlyle’s long-term global commitment to leadership in healthcare in which it has invested over $22 billion across buyout and growth equity since inception.
This transaction will enable Carlyle to operate across the full risk-return spectrum of life sciences and healthcare investing, from venture capital to buyouts, and to continue Carlyle’s long-standing efforts to be an important part of the solution in healthcare.
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