The group has also provided a trading update on the first quarter of 2021 Vectura Group PLC (LON:VEC) announced it has agreed on a £958mln takeover by Carlyle Group, a private equity firm with US$260bn of assets under management. The board has recommended an offer price of 155p per share, which is a 32% premium to Tuesday’s closing price. “Vectura has made strong progress since embarking on its new strategy in 2019 to become a leading inhalation focused contract development and manufacturing organisation (CDMO), whilst continuing to deliver strong financial and operational results in its royalties and product supply businesses,” said chairman Bruno Angelici.