Kennedy Lewis Capital Partners Master Fund II LP and Kennedy Lewis Capital Partners Master Fund III LP managed by Kennedy Lewis Investment Management LLC delivered a Non-Binding Proposal to acquire remaining 85.67% stake in Rapid Micro Biosystems, Inc. for approximately $160 million.
June 29, 2022
Share
Kennedy Lewis Capital Partners Master Fund II LP and Kennedy Lewis Capital Partners Master Fund III LP managed by Kennedy Lewis Investment Management LLC delivered a Non-Binding Proposal to acquire remaining 85.67% stake in Rapid Micro Biosystems, Inc. (NasdaqGS:RPID) for approximately $160 million on June 30, 2022. Kennedy Lewis Investment Management LLC will pay $5 per share in cash. Kennedy Lewis Investment Management LLC has the ability to fully finance this all-cash proposal, and the definitive transaction agreement will not include a financing condition. Transaction is subject to completion of due diligence and execution of definitive documentation acceptable to Kennedy Lewis. Daniel Fisher and Zachary Wittenberg of Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Kennedy Lewis. Morgan Stanley & Co. LLC acted as financial advisor and Goodwin Procter LLP acted as legal advisor to Rapid Micro Biosystems.
Rapid Micro Biosystems, Inc. is a life sciences technology company providing mission critical automation solutions to facilitate the manufacturing and release of healthcare products, such as biologics, vaccines, cell and gene therapies, and sterile injectables. The Company's flagship Growth Direct system automates and modernizes the antiquated, manual microbial quality control, testing workflows used in pharmaceutical manufacturing operations. It offers four specific applications for testing of microbial contamination: Environmental Monitoring, which tests the manufacturing environment, including circulating air, exposed surfaces, and personnel; Water, which tests any purified water used at any stage of the drug production process, including water for injection; In-Process Bioburden, which tests raw materials, drug substance and in-process product, and Sterility Release offering final testing of finished product to ensure sterility before the product is released for commercial sale.
Kennedy Lewis Capital Partners Master Fund II LP and Kennedy Lewis Capital Partners Master Fund III LP managed by Kennedy Lewis Investment Management LLC delivered a Non-Binding Proposal to acquire remaining 85.67% stake in Rapid Micro Biosystems, Inc. for approximately $160 million.
RAPID MICRO BIOSYSTEMS, INC. 
