M&A Deal Summary

Perrigo Company Acquires Unico Holdings

On November 13, 2008, Perrigo Company acquired consumer products company Unico Holdings from Cardinal Growth for 49M USD

Acquisition Highlights
  • This is Perrigo Company’s 1st transaction in the Consumer Products sector.
  • This is Perrigo Company’s 15th largest (disclosed) transaction.
  • This is Perrigo Company’s 4th transaction in the United States.
  • This is Perrigo Company’s 1st transaction in Florida.

M&A Deal Summary

Date 2008-11-13
Target Unico Holdings
Sector Consumer Products
Buyer(s) Perrigo Company
Sellers(s) Cardinal Growth
Deal Type Add-on Acquisition
Deal Value 49M USD

Target

Unico Holdings

Lake Worth, Florida, United States
website
Unico Holdings, Inc. is an independent manufacturer of private label health and personal care products.

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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 9 of 31
Sector (Consumer Products) 1 of 6
Type (Add-on Acquisition) 8 of 23
State (Florida) 1 of 1
Country (United States) 4 of 18
Year (2008) 4 of 4
Size (of disclosed) 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-06 Laboratorios Diba S.A.

Guadalajara, Mexico

Laboratorios Diba S.A. manufacture and market pharmaceutical products that contribute to health improvement, ensuring total satisfaction of customers and consumers, creating jobs and achieving collective and corporate profits.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-21 KV Pharmaceutical - ANDA

Chesterfield, Missouri, United States

KV Pharmaceutical - ANDA comprises clindamycin phosphate (1%) and benzoyl peroxide (5%) gel. Duac gel, indicated for the topical treatment of inflammatory acne vulgaris.

Buy $14M

Seller(S) 1

SELLER

Cardinal Growth

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Cardinal Growth is a private investment firm focused on smaller company transactions. Prospective businesses generally have revenues of $10 to $50 million and cash-flow of at least $2 million. Cardinal looks to fund management buyouts, recapitalizations, add-on acquisitions and internal expansions throughout the US, although the firm has a preference for Midwest based transactions. Sectors of interest include equipment rental, business outsourcing, specialty finance, printing and publishing, marketing services, infrastructure service providers, entertainment, general industrial manufacturing, food processing and distribution, logistics, wireless communication, and real estate services. Cardinal Growth was formed in 2000 and is licensed as a SBIC. Cardinal Growth is headquartered in Chicago, Illinois. Cardinal Growth LP is out of Business.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-27 Zweig White

Chicago, Illinois, United States

Zweig White is a provider of information services to the architecture, engineering, and construction markets through magazines, newsletters, research papers, events, conferences, and consulting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Renovo Services

Grand Rapid, Michigan, United States

Renovo Services LLC is the first powerfully financed and professionally managed repossession force operating as a single, direct entity. Instead of dealing with hundreds of individual operators, your auto loan collectors will realize the efficiency of dealing with one repossession company for all your assignments. When your collector chooses RENOVO, the recovery order stays within our network of trained professionals, all operating in our new fleet of damage-free towing equipment.

Sell -