Trust formerly led by Woodford sells Carrick Therapeutics stake at discount Irish biopharmaceutical company stake part of package sold to Rosetta Capital
Fri, Apr 9, 2021, 17:07
Schroder UK Public Private Trust, which was previously led by disgraced fund manager Neil Woodford, has sold its stake in Irish biopharmaceutical company Carrick Therapeutics at a marked discount.
The fund recently sold its shareholding in Carrick and another six companies to life-science venture capital firm Rosetta Capital for a combined £52 million (€60 million). This marks an aggregate 22 per cent discount on the value of those companies since September 2020.
The fund’s stake in Carrick was valued at £18.2 million at that time. The deal has just completed with Schroder this week saying the Carrick stake “will be revalued as a result of the implications from the Rosetta transaction”.
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Divij Bajaj Makes It to India s Top 30 Under 30 List
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