M&A Deal Summary

Graycliff Partners and TPG Acquire Aptalis Pharma

On January 1, 2008, private equity firms Graycliff Partners and TPG acquired medical products company Aptalis Pharma for 1.3B USD

Acquisition Highlights
  • This is Graycliff Partners’ 1st and TPG’s 5th transaction in the Medical Products sector.
  • This is Graycliff Partners’ and TPG’s 56th largest (disclosed) transaction.
  • This is Graycliff Partners’ 1st and TPG’s 2nd transaction in Canada.
  • This is Graycliff Partners’ 1st and TPG’s 2nd transaction in Quebec.
Investment Fate
  • Aptalis Pharma was sold to a publicly-traded strategic buyer in 2014 for 2.9B USD.

M&A Deal Summary
Date 2008-01-01
Target Aptalis Pharma
Sector Medical Products
Buyer(s) Graycliff Partners
TPG
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.3B USD

Target

Aptalis Pharma

Mont-Saint-Hilaire, Quebec, Canada
website
Aptalis is a leading multinational specialty pharmaceutical company. The Company develops and markets a broad line of prescription products used to treat gastrointestinal diseases and disorders.

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Buyer(S) 2

Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 4 of 71
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 26
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 StrataTech Education Group

Phoenix, Arizona, United States

StrataTech Education Group is focused on the education, growth, and development of specialized career education schools, particularly skilled-trade programs designed to address the nation’s growing infrastructure needs. StrataTech Education Group is based in Phoenix, Arizona.

Buy -
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 114 of 401
Sector (Medical Products) 5 of 14
Type (Buyout (LBO, MBO, MBI)) 20 of 43
State (Quebec) 2 of 3
Country (Canada) 2 of 6
Year (2008) 6 of 20
Size (of disclosed) 56 of 100
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Caesars Entertainment

Las Vegas, Nevada, United States

Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.

Buy $30.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-04 Cranium

Seattle, Washington, United States

Cranium develops and sells award-winning family, adult and children's games focused on knowledge and discovery with a mission to lighten and enlighten people's lives'.

Sell $78M
Mergr

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