M&A Deal Summary

Curia Acquires Prime European Therapeuticals

On May 5, 2016, Curia, Inc. acquired life science company Prime European Therapeuticals SpA from Private Equity Partners SGR S.p.A, Clessidra SGR S.p.A. and Mandarin Capital Management SA for 358M USD

Acquisition Highlights
  • This is Curia’s 6th transaction in the Life Science sector.
  • This is Curia’s 1st largest (disclosed) transaction.
  • This is Curia’s 1st transaction in Italy.

M&A Deal Summary

Date 2016-05-05
Target Prime European Therapeuticals SpA
Sector Life Science
Buyer(s) Curia, Inc.
Sellers(s) Private Equity Partners SGR S.p.A
Clessidra SGR S.p.A.
Mandarin Capital Management SA
Deal Type Add-on Acquisition
Deal Value 358M USD

Target

Prime European Therapeuticals SpA

Lodi, Italy
website
Prime European Therapeuticals SpA is a provider of Active Pharmaceutical Ingredients (API’s) and Custom Synthesis services. Prime European Therapeuticals was founded in 1946 and is based in Lodi, Italy.

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Buyer(S) 1

Buyer

Curia, Inc.

Albany, New York, United States

website


Category Company
Founded 1991
SectorLife Science
Employees2,220
Revenue 402M USD (2015)
DESCRIPTION

Curia is a provider of global contract research and manufacturing services to the pharmaceutical and biotechnology industries. The Company's services include Drug Discovery, such as medicinal chemistry, discovery biology, and in vitro ADME; Development, such as pre-formulation, formulation and validation; and Manufacturing, such as cGMP API manufacturing. Curia was founded in 1991 and is based in Albany, New York.


DEAL STATS #
Overall 8 of 10
Sector (Life Science) 6 of 8
Type (Add-on Acquisition) 7 of 8
Country (Italy) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Whitehouse Laboratories

Lebanon, New Jersey, United States

Whitehouse Laboratories is a comprehensive analytical testing laboratory that offers USP-NF, EP, FCC and JP Monograph testing.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Integrity Bio, Inc.

Camarillo, California, United States

Integrity Bio is a provider of contract formulation research and analytical services, providing high-quality, cost-effective formulation and stability solutions for large molecule biopharmaceuticals along with Good Manufacturing Practices (GMP) fill/finish services for Phase I and II clinical trial volumes. Integrity Bio was founded in 2003 and is based in Camarillo, California.

Buy -

Seller(S) 3

SELLER

Private Equity Partners SGR S.p.A

Milan, Italy

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Private Equity Partners (PEP) is a private equity firm that seeks buyout and expansion capital investments in medium to large companies. PEP will consider both minority or majority investment situations and targets companies headquartered in Italy as well as Eastern Europe and the emerging markets of China and India. The Firm looks to invest in companies with revenues between EUR50 million and EUR1 billion. Private Equity Partners is based in Milan, with additional offices in Shanghai, Warsaw, Moscow, and Mumbai.


DEAL STATS #
Overall 6 of 6
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Italy) 6 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Forestry Chemical Industries SpA (918 Group)

Milano, Italy

Forestry Chemical Industries SpA (918 Group) is a provider of adhesives and fabrics for the footwear industry and other industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Meridiani Srl

Misinto, Italy

Meridiani Srl is a designer and manufacturer of home furniture.

Buy -
SELLER

Clessidra SGR S.p.A.

Milano, Italy

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 2.5B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Clessidra SGR S.p.A. is a private equity fund formed in 2003 dedicated to investments in Italian based companies. Prospective transaction situations include restructurings, privatizations, family-owned businesses, and consolidations. Clessidra SGR S.p.A was formed in 2003 and is based in Milan, Italy.


DEAL STATS #
Overall 4 of 10
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (Italy) 4 of 10
Year (2016) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Acetum S.p.A.

Cavezzo, Italy

Acetum S.p.A. is a manufacturer and distributor of Balsamic Vinegar of Modena, a PGI-certified specialty vinegar among the most famous and appreciated Italian food products. Company produces Balsamic Vinegar of Modena IGP, glazes and condiments and, to a lesser extent, wine vinegar and traditional balsamic vinegar DOP. Across all product categories, the company focuses on the premium market segment of high-quality products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Sisal Group S.p.A

Milan, Italy

Sisal is an operator in the Italian gaming market. Established in 1946, Sisal was the first Italian company to operate in the gaming sector as a government licensee. Through its capillary network of 47,000 points of sale, the company in excess of 500 payment services to the Italian public which are still primarily reliant on traditional cash payments.

Sell €1.0B
SELLER

Mandarin Capital Management SA

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Mandarin Capital Management SA is a Chinese-European private equity firm that seeks to invest in mid-market Italian and German companies looking to expand into Asia. Mandarin Capital looks to invest €10 to €30 million in companies generating revenues of €40 to €300 million. The Firm will consider both majority and minority equity positions. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs) and growth /development capital financings. Mandarin Capital Partners was formed in 2007 and has offices in Luxembourg, Milan, Frankfurt, and Shanghai.


DEAL STATS #
Overall 7 of 11
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (Italy) 5 of 9
Year (2016) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Marvel Mechatronics Pvt. Ltd.

Chennai, India

Marvel Mechatronics Pvt. Ltd. is a specializes in contract manufacture of custom designed mechanical parts for RF / MF components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Dedalus Italia S.p.A.

Florence, Italy

Dedalus is a health software provider that develops and distributes software systems for general practitioners and primary care pediatricians in the health care industry. Dedalus was formed in 1990 and is based in Florence, Italy.

Sell -