Private equity firms buy Avid Bioservices for $1.1 billion to boost its biologics manufacturing growth.

Avid Bioservices, a biologics manufacturing company, was acquired by private equity firms GHO Capital and Ampersand Capital Partners for about $1.1 billion. This acquisition aims to support Avid's growth by expanding its services, investing in talent, and increasing its global presence. GHO and Ampersand have extensive experience in the CDMO sector, which will aid Avid's development and market expansion.

2 months ago
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