Mergers and Acquisitions

Recursion in its acquisition of Valence Discovery for US$47.5 million

Recursion
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
John Groenewegen

Partner, Corporate, Toronto

Neil Rosen

Associate, Corporate, Toronto

Rob Valentini

Associate, Corporate, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Dov Begun

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto

Clemence Chu

Associate, Tax, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Jonathan Wypych

Associate, Pensions and Benefits, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Catherine Hart

Associate, Privacy and Data Management, Toronto

 

On May 8, 2023, Recursion entered into an agreement to acquire Valence Discovery for US$47.5 million. Together with the concurrent acquisition of Cyclica, the strategic acquisitions add industry-leading capabilities in digital chemistry, as well as machine-learning and artificial intelligence, to Recursion’s large-scale automated wet-laboratories and supercomputing capabilities, enabling Recursion to deploy the most complete, technology-enabled drug discovery solution in the biopharma industry.

Recursion is a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery.

Valence Discovery is a leader in developing and deploying AI and physics-based technologies to enable the design of differentiated small molecules with improved properties and function.

Osler, Hoskin & Harcourt LLP advised Recursion with a team consisting of Alex Gorka, John Groenewegen, Neil Rosen and Robert Valentini (Corporate), Steven Dickie and Irmak Aydemir (Employment and Labour), Dov Begun, Taylor Cao and Clemence Chu (Tax), Jonathan Marin and Jonathan Wypych (Benefits), Adam LaRoche and Catherine Hart (Privacy), Sandra Sbrocchi and Marah Smith (Osler Works – Transactional).

Value
US$47.5 million
Date Closed
May 8, 2023
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
John Groenewegen

Partner, Corporate, Toronto

Neil Rosen

Associate, Corporate, Toronto

Rob Valentini

Associate, Corporate, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Dov Begun

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto

Clemence Chu

Associate, Tax, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Jonathan Wypych

Associate, Pensions and Benefits, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Catherine Hart

Associate, Privacy and Data Management, Toronto