Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Healthcare · Pharmaceutical Preparations

XenoTherapeutics to acquire Repare Therapeutics Inc.

Announced Nov 14, 2025 · Closed Jan 28, 2026

Deal value$78MEV $5M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed$1.82 per share

Transaction

Acquirer
XenoTherapeutics
Target
Repare Therapeutics Inc. (RPTX)
Buyer type
Strategic
Offer price per share
$1.82
Enterprise value
$5M
Status
Closed Jan 28, 2026

Deal protections

Break fee (target pays)
$2.0M · 2.6%
Reverse fee (buyer pays)
—
Go-shop
—
Financing
No financing condition

Advisors

To the acquirer
Not disclosed
To the target
Leerink Partners

Sector context · Healthcare

Comparable deals
99 in the prior 24 months
Premium
Sector median 60.0%
EV / Adj. EBITDA
Sector median 14.5x
Break fee
2.6% vs. 3.4% sector median

Timeline

  1. AnnouncedNov 14, 2025
  2. Proxy filedDec 3, 2025
  3. Definitive proxyDec 15, 2025
  4. Shareholder voteJan 16, 2026
  5. ClosedJan 28, 2026
Sources
  • 8-K (EX-99.1) · Nov 14, 2025
  • DEFA14A · Nov 14, 2025

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.