Buyout (LBO, MBO, MBI) • Life Science

Advent International Acquires ICE Group

On September 30, 2019, private equity firm Advent International acquired life science company ICE Group

Acquisition Context
  • This is Advent International’s 15th transaction in the Life Science sector.
  • This is Advent International’s 10th transaction in Italy.

Explore All 460 Buyout (LBO, MBO, MBI) Life Science Deals - Search the Database Free


M&A Deal Summary

Date September 30, 2019
Target ICE Group
Sector Life Science
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)

Target Company

ICE Group

Reggio Emilia, Italy
ICE Group is a manufacturer of Ursodeoxycholic Acid (UDCA), an active pharmaceutical ingredient (API), sourced from bile, primarily used in drugs treating liver diseases and gallstones. ICE Group was founded in 1949 and is based in Reggio Emilia, Italy.
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Buyer Overview 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 281 of 353
Sector: Life Science 15 of 22
Type: Buyout (LBO, MBO, MBI) 142 of 156
Country: Italy 10 of 11
Year: 2019 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 DFM Foods

New Delhi, India

DFM Foods is a manufacturer, marketer, and seller of products such as corn rings, corn puffs, wheat puffs, and crispy sticks under the “CRAX,” “CURLS,” “NATKHAT” and “FRITTS” brand names, respectively. It also offers a range of traditional “namkeens,” or savory snack foods. DFM Foods was founded in 1984 and is based in New Delhi, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Enamor

Bangalore, India

Enamor is a women’s innerwear brand. Enamor 20 exclusive brand outlets and over 4,500 points of sale nationwide, predominantly located in larger cities, as well as a strong online presence and e-commerce business. Enamor was founded in 2001 and is based in Bangalore, India.

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