Nordic Capital and Permira to Acquire Bavarian Nordic for About $3 Billion

July 31, 2025

Bavarian Nordic A/S has accepted a takeover offer valued at DKK 19 billion (about $2.99 billion) from a consortium of Nordic Capital and Permira. Shareholders will receive an all-cash offer of 233 Danish kroner per share, and the deal is expected to close in the fourth quarter of 2025 subject to regulatory approvals and acceptance conditions.

Targets
Bavarian Nordic A/S
Industry
Biotechnology
Location
Denmark
Transaction Type
Buyout

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