K2 VBI Equity Trust Acquires VBI Vaccines in CCAA Restructuring
January 3, 2025
VBI Vaccines Inc. completed a transaction under its Canadian CCAA restructuring sale process with K2 VBI Equity Trust, LLC, an affiliate of K2 HealthVentures LLC, a secured creditor. Upon closing, VBI’s shares were redeemed and cancelled without consideration and VBI and certain subsidiaries emerged as wholly owned subsidiaries of the Purchaser.
- Buyers
- K2 VBI Equity Trust, LLC
- Targets
- VBI Vaccines Inc., VBI Vaccines (Delaware) Inc., Variation Biotechnologies Inc.
- Sellers
- VBI Vaccines Inc. (and certain subsidiaries through the CCAA restructuring process)
- Industry
- Biotechnology
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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