KKR Said to Mull Options for Stake in Life Sciences Firm Biotage

July 19, 2024, 1:16 PM UTC

KKR & Co. is considering a sale of its stake in Swedish life sciences firm Biotage AB, people with knowledge of the matter said.

The buyout firm is exploring options for its 17% holding in Biotage, including a potential selldown of part or all of its shares in the market, according to the people. Shares of Biotage have gained 36% in Stockholm trading this year, giving the company a market value of about $1.4 billion.

KKR owns its stake through Gamma Biosciences, a platform it set up in 2020 to make investments in life sciences tools. Biotage has separately ...

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