Permira, Nordic in Takeover Talks for Vaccine Maker Bavarian

A consortium consisting of Nordic Capital and Permirais in talks for a potential takeover of Bavarian Nordic A/S, a Copenhagen-listed vaccine maker.

The private equity firms and Bavarian are having ongoing discussions, the Danish company said in a statement on Thursday that confirmed an earlier Bloomberg News report. There’s no certainty an offer will be made, it added.

Shares of Bavarian jumped as much as 25%, the biggest intraday gain since May 2022. The company’s market value rose to about $2.9 billion.

Private equity firms have been ramping up deals in the European public markets, where valuations ...