BioCentury
ARTICLE | Financial News

Partners, employees buy out Rothschilds' stake in EdRIP

April 6, 2018 7:29 PM UTC

Edmond de Rothschild Investment Partners said the firm's partners and employees bought out the Rothschild family office's 51% majority stake, making the firm independent. The firm changed its name to Andera Partners, but said its assets under management, governance and staff will remain unaffected.

Managing Partner Gilles Nobécourt told BioCentury the buyout will not affect the firm's life science investment strategy. In February, EdRIP closed the BioDiscovery 5 Fund at €345 million ($428 million) (see BioCentury Extra, Feb. 6)...

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