Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Healthcare · Biological Products, (No Diagnostic Substances)

Celadon Partners SPV 35 Limited to acquire Senti Biosciences Holdings, Inc.

Announced Jul 15, 2026 · Closed Jul 15, 2026

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed

Transaction

Acquirer
Celadon Partners SPV 35 Limited
Target
Senti Biosciences Holdings, Inc. (SNTI)
Buyer type
Private equity
Offer price per share
—
Enterprise value
—
Status
Closed Jul 15, 2026

Deal protections

Break fee (target pays)
$2.5M
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
No financing condition

Advisors

To the acquirer
Not disclosed
To the target
Lincoln International

Sector context · Healthcare

Comparable deals
99 in the prior 24 months
Premium
Sector median 49.0%
EV / Adj. EBITDA
Sector median 10.9x
Break fee
Sector median 3.5%

Timeline

  1. AnnouncedJul 15, 2026
  2. ClosedJul 15, 2026
Sources
  • 8-K · Jul 15, 2026

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.