M&A Deal Summary

Advent International Acquires Perrigo Latin American Pharmaceutical Business

On May 18, 2021, private equity firm Advent International acquired life science company Perrigo Latin American Pharmaceutical Business from Perrigo Company

Acquisition Highlights
  • This is Advent International’s 19th transaction in the Life Science sector.
  • This is Advent International’s 14th transaction in Mexico.

M&A Deal Summary

Date 2021-05-18
Target Perrigo Latin American Pharmaceutical Business
Sector Life Science
Buyer(s) Advent International
Sellers(s) Perrigo Company
Deal Type Divestiture

Target

Perrigo Latin American Pharmaceutical Business

Mexico
Perrigo Latin American Pharmaceutical Business is a global supplier of pharmaceutical products in Mexico and Brazil.

Search 204,883 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B 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 STATS #
Overall 305 of 341
Sector (Life Science) 19 of 21
Type (Divestiture) 30 of 37
Country (Mexico) 14 of 14
Year (2021) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Shift Technology

Paris, France

Shift Technology delivers the only AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, the Shift Insurance Suite helps insurers achieve faster, more accurate claims and policy resolutions. Shift Technology was founded in 2014 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Circet

Sollies-Pont, France

Circet is a provider of telecoms infrastructure services. Circet's clients include telecoms operators, manufacturers of telecoms equipment, key accounts owning infrastructures, infrastructure operators, the state and local authorities. Circet was founded in 1993 and is based in Sollies-Pont, France.

Sell -

Seller(S) 1

SELLER

Perrigo Company

Dublin 2, Ireland

Category Company
Founded 1887
Sector Life Science
Employees9,140
Revenue 4.7B USD (2023)
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 9
Sector (Life Science) 7 of 7
Type (Divestiture) 9 of 9
Country (Mexico) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Padagis

Allegan, Michigan, United States

Padagis is a generic prescription pharmaceutical company. The company’s diversified and specialized portfolio consists of over 200 product families and 800 SKUs, with a focus on extended topical dosage forms, including creams, ointments, lotions, gels, foams, liquids, and nasal sprays. Padagis is based in Allegan, Michigan.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 HRA Pharma

Châtillon, France

HRA Pharma is a pharmaceutical company that designs products, devices, and supporting services in niche areas of health and makes them available to doctors and patients worldwide. HRA Pharma was founded in 1996 and is based in Châtillon, France.

Buy €1.8B