M&A Deal Summary

ADQ Acquires Acino

On September 16, 2021, ADQ acquired life science company Acino from Avista Capital Partners, Nordic Capital, Ardian and Constitution Capital Partners

Acquisition Highlights
  • This is ADQ’s 1st transaction in the Life Science sector.
  • This is ADQ’s 1st transaction in Czech Republic.

M&A Deal Summary

Date 2021-09-16
Target Acino
Sector Life Science
Buyer(s) ADQ
Sellers(s) Avista Capital Partners
Nordic Capital
Ardian
Constitution Capital Partners
Deal Type Add-on Acquisition

Target

Acino

Zurich, Czech Republic
website
Acino is a pharmaceutical company focused on developing, manufacturing and marketing well-proven and innovative pharmaceuticals in novel drug delivery forms. Acino was founded in 1836 and is based in Zurich, Czech Republic.

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Buyer(S) 1

Buyer

ADQ

Abu Dhabi, United Arab Emirates

website


Category Company
Founded 2018
Sector Business Services
DESCRIPTION

ADQ is a holding company with direct and indirect investments with portfolio of key sectors across Abu Dhabi's economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transport and utilities. ADQ was founded in 2018 and is based in Abu Dhabi, UAE.


DEAL STATS #
Overall 2 of 3
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Czech Republic) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Amoun Pharmaceutical Company

Cairo, Egypt

Amoun Pharmaceutical Company is a developer, manufacturer, marketer, distributer, and export of a wide range of human pharmaceutical and animal health products. Amoun Pharmaceutical Company is based in Cairo, Egypt.

Buy $740M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Birgi Mefar Group

Istanbul, Turkey

Birgi Mefar Group is a Turkish pharmaceuticals contract manufacturing and services group, servicing many of the world’s leading pharmaceutical companies through a fully integrated business model. Birgi Mefar Group was founded in 1963 and is based in Istanbul. Turkey.

Buy -

Seller(S) 4

SELLER

Avista Capital Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 29 of 30
Sector (Life Science) 6 of 7
Type (Add-on Acquisition) 14 of 15
Country (Czech Republic) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Arcadia Consumer Healthcare

Bridgewater, New Jersey, United States

Arcadia Consumer Healthcare is a consumer healthcare company that provides over-the-counter medicines and vitamins, minerals and supplements. Arcadia has been delivering innovative healthcare products to help consumers self-treat their everyday problems. Arcadia Consumer Healthcare is based in Bridgewater, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Probo Medical

Fishers, Indiana, United States

Probo Medical is a provider of equipment sales, part sales, equipment rentals, depot repair service, equipment installation and de-installation, and field-based repair services. Probo Medical was founded in 2014 and is based in Fishers, Indiana.

Buy -
SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 67 of 76
Sector (Life Science) 5 of 6
Type (Add-on Acquisition) 21 of 23
Country (Czech Republic) 1 of 1
Year (2021) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Qred

Stockholm, Sweden

Qred is a provider of financing and payment services to small businesses in the Nordics and the Netherlands, with its fully automated credit system, digital platform, and easy, innovative solutions for entrepreneurs seeking financing. Qred was founded in 2015 and is headquartered in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Cary Group

Stockholm, Sweden

Cary Group provides repair and replacement services to automotive glasses. Cary Group was formed in 1947 and is based in Stockholm, Sweden.

Sell -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 198 of 217
Sector (Life Science) 6 of 8
Type (Add-on Acquisition) 50 of 51
Country (Czech Republic) 1 of 1
Year (2021) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Berlin Brands Group

Berlin, Germany

Berlin Brands Group is an owner-managed e-commerce company operates product development, brand building and online distribution in 18 European countries. Berlin Brands Group is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Florida Food Products

Eustis, Florida, United States

Florida Food Products is a manufacturer of healthy, natural, clean label ingredients and is the market leader in the clean label cure market. Clean label cures are used for a wide variety of end market uses including packaged meat, food service, private label and branded CPG meats as well as premium pet foods. Florida Food Products was founded in 1954 and is based in Eustis, Florida.

Buy -
SELLER
DESCRIPTION

Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 21 of 23
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 10 of 11
Country (Czech Republic) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Truco Enterprises

Dallas, Texas, United States

Truco Enterprises LP is a developer and marketer of tortilla chips, salsa, and queso under the On The Border brand. The company’s products are sold nationally through grocery retailers, club stores, and mass merchandisers. Truco Enterprises is based in Dallas, Texas.

Sell $480M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 OmniSYS

Dallas, Texas, United States

OmniSYS is a provider of medical claims management and compliance IT services for pharmacies, durable medical equipment providers, managed care organizations, and commercial retiree plans. OmniSYS was founded in 1988 and is based in Dallas, Texas.

Sell -