M&A Deal Summary

Perrigo Company Acquires Ranir

On May 9, 2019, Perrigo Company acquired consumer services company Ranir from Camden Partners and Beringea for 750M USD

Acquisition Highlights
  • This is Perrigo Company’s 1st transaction in the Consumer Services sector.
  • This is Perrigo Company’s 6th largest (disclosed) transaction.
  • This is Perrigo Company’s 16th transaction in the United States.
  • This is Perrigo Company’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2019-05-09
Target Ranir
Sector Consumer Services
Buyer(s) Perrigo Company
Sellers(s) Camden Partners
Beringea
Deal Type Add-on Acquisition
Deal Value 750M USD
Advisor(s) William Blair (Financial)
Kirkland & Ellis (Legal)

Target

Ranir

Grand Rapids, Michigan, United States
website
Ranir LLC is a manufacturer of private label consumer oral and personal care products, including power and manual toothbrushes, teeth whiteners, dental floss and flossers, interdental devices, travel accessories and more. Ranir LLC was founded in 1979 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Perrigo Company

Dublin 2, Ireland

website


Category Company
Founded 1887
Sector Life Science
Employees9,900
Revenue 5.1B USD (2020)
DESCRIPTION
Entrance to a Perrigo facility in Duncan, South Carolina.
Entrance to a Perrigo facility in Duncan, South Carolina.

Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API), as well as receives royalties from Multiple Sclerosis drug Tysabri®. The company is the world's largest manufacturer of OTC pharmaceutical products for the store brand market and an industry leader in pharmaceutical technologies. Perrigo Company was founded in 1887 and is based in Dublin, Ireland.


DEAL STATS #
Overall 27 of 31
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 21 of 23
State (Michigan) 2 of 2
Country (United States) 16 of 18
Year (2019) 1 of 2
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Omega Bittner

Moskva, Russia

Omega Bittner is a pharmaceutical firm. Omega Bittner is based in Moskva, Russia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Perrigo Company - Perrigo Animal Health

Dublin, Ireland

Perrigo Company PLC - Perrigo Animal Health makes quality products that help protect furry family member’s well-being. Perrigo Animal Health brands include PetArmor®, SENTRY®, and Sergeant’s®. With a pet health and well-being heritage dating back to 1868, Perrigo Animal Health unit continues to develop products that empower pet parents to care for their pets at home. Perrigo Animal Health products include flea and tick treatments, behavior products, allergy relief, de-wormer medications and more.

Sell $185M

Seller(S) 2

SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 22 of 26
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 11 of 14
State (Michigan) 1 of 1
Country (United States) 21 of 25
Year (2019) 2 of 3
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Paragon Bioservices

Baltimore, Maryland, United States

Paragon Bioservices, Inc. is a contract development and manufacturing organization (CDMO) whose focus is the development and manufacturing of cutting-edge biopharmaceuticals. Paragon aims to build strong client partnerships with the world’s best biotech and pharma companies, focusing on transformative technologies, including gene therapies (AAV), next-generation vaccines, oncology immunotherapies (oncolytic viruses), and other complex biologics. Paragon Bioservices, Inc. was founded in 1990 and is based in Baltimore, Maryland.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Calvert Education

Hunt Valley, Maryland, United States

Calvert Education is a provider of K‐12 distance learning curriculum and educational support services to students around the world. Calvert Education is based in Hunt Valley, Maryland.

Sell -
SELLER

Beringea

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 24 of 39
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 15 of 25
State (Michigan) 7 of 8
Country (United States) 9 of 16
Year (2019) 1 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Fnatic

London, United Kingdom

Fnatic Pty Ltd. is a professional video gaming team, consisting of players from across the globe who all make a living through competing. Fnatic is the channel through which the most forward-thinking brands communicate with young people. Fnatic delivers industry-leading content, experiences, and activations through offices and facilities in cities between Los Angeles and Tokyo. Fnatic Ltd. was founded in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Montage Talent

Delafield, Wisconsin, United States

Montage Talent, Inc. is a provider of video interviewing solutions available, purpose-built to transform the hiring experience one smile at a time. Applying an enterprise software-as-a-service (SaaS) model. Montage Talent was founded in 2007 and is based in Delafield, Wisconsin.

Sell -