PwC Tax and Advisory (Vietnam) Company Limited (“PwC Vietnam”) Successfully Advised Gene Solutions on Strategic Fundraising with August Global Partners Pte. Ltd. ("AGP")


The Corporate Finance team from PwC Vietnam is pleased to announce the completion of an extended fundraising round for Gene Solutions through the issuance of a minority equity stake to AGP. The signing ceremony took place on 9 January 2025 in Singapore.
Divestment of a pioneering biotech company

Established in 2017, Gene Solutions has emerged as a pioneering biotech company in Asia, recognized for its innovative genetics, non-invasive prenatal and cancer screening testing solutions along with extensive clinical validation published in globally-recognized scientific journals. Gene Solutions has demonstrated commercial success in cell-free DNA testing across South East Asia and is expanding its product pipeline in cancer screening and personalized cancer care. This includes early cancer detection and monitoring tests, as well as collaborations with biopharma leaders to co-develop novel cancer therapeutics.

AGP is an independent fund management company focused on healthcare investments, ranging from venture to growth-stage. Spun out from EDBI – the Singapore state-owned strategic fund, AGP manages significant assets in the healthcare sector. AGP's investment will not only provide financial resources but also leverage its substantial expertise in biotechnology and healthcare investments, along with a robust network in the Asia-Pacific region, to support Gene Solutions in pioneering healthcare advancements.

The Corporate Finance team from PwC Vietnam served as the exclusive financial advisors to Gene Solutions in connection with the transaction.

The PwC team:

Angela Yang, MBA

Partner, PwC Vietnam

Pham Ha My

Director, PwC Vietnam

 

Le Thuy Trang, ACA

Manager, PwC Vietnam

Nguyen Hoang Phuong Khanh

Senior Associate, PwC Vietnam

 

Trang Du Thuc Hanh

Senior Associate, PwC Vietnam

   
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Get in touch

Johnathan Ooi Siew Loke

Partner, Deals and Consulting Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Gregory Bournet

Partner, Corporate Finance, PwC Vietnam

Tel: +84 28 3823 0796

Angela Yang

Partner, Corporate Finance, PwC Vietnam

Tel: +84 24 3946 2246, Ext. 1612