M&A Deal Summary

Allergan Acquires SkinMedica

On November 16, 2012, Allergan acquired consumer products company SkinMedica from Aisling Capital, Montreux Equity Partners and VMG Partners for 350M USD

Acquisition Highlights
  • This is Allergan’s 2nd transaction in the Consumer Products sector.
  • This is Allergan’s 4th largest (disclosed) transaction.
  • This is Allergan’s 9th transaction in the United States.
  • This is Allergan’s 5th transaction in California.

M&A Deal Summary

Date 2012-11-16
Target SkinMedica
Sector Consumer Products
Buyer(s) Allergan
Sellers(s) Aisling Capital
Montreux Equity Partners
VMG Partners
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

SkinMedica

Carlsbad, California, United States
SkinMedica, Inc. is a developing, acquiring and commercializing products that improve the appearance of skin. The Company markets and sells to physicians, with a focus on aesthetics, both prescription and non-prescription skin care products.

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Buyer(S) 1

Buyer

Allergan

Irvine, California, United States

Category Company
Founded 1948
Sector Life Science
Employees11,400
DESCRIPTION

Allergan, Inc. is a pharmaceutical company. Allergan's products include ophthalmic pharmaceuticals, dermatology products, and neurological products.


DEAL STATS #
Overall 9 of 14
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 13
State: California M&A 5 of 8
Country: United States M&A 9 of 14
Year: 2012 M&A 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-08 Precision Light

Los Gatos, California, United States

Precision Light, Inc. is a medical device company it develops products for breast, body imaging systems.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 MAP Pharmaceuticals

Mountain View, California, United States

MAP Pharmaceuticals, Inc. is a specialty pharmaceutical company developing innovative therapies and inhalation delivery platforms to treat a broad spectrum of respiratory and systemic diseases.

Buy -

Seller(S) 3

SELLER

Aisling Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Aisling Capital is a private investment firm focused on opportunities in the healthcare and medical technology sectors. The Firm specifically looks to invest in companies developing and commercializing innovative healthcare products, services, and technologies. Aisling Capital looks to commit $20 to $50 million per investment and prefers to be the lead investor. Aisling will consider investing in both public and private companies. Aisling Capital raised its first fund in 2000. The Firm is based in New York City.


DEAL STATS #
Overall 19 of 41
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 18 of 24
State: California M&A 4 of 13
Country: United States M&A 19 of 41
Year: 2012 M&A 2 of 2
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Ambit Biosciences

San Diego, California, United States

Ambit Biosciences Corp. is a biotechnology company focused on oncology; provides drug discovery services to the pharmaceutical industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Chimerix

Durham, North Carolina, United States

Chimerix is a drug development company that owns proprietary lipid prodrug technology to improve the efficacy of antiviral drugs. The Company’s lead compound, CMX001, is an active agent against a number of DNA viruses including smallpox and papilloma. Chimerix is also developing programs in CMV and HIV and is pursuing commercial opportunities to broaden the use of its technology. Chimerix was founded in 2000 and is based in Durham, North Carolina.

Buy -
DESCRIPTION

Montreux Equity Partners is a growth investment firm focused on investing in commercial stage companies with category leading products, technologies, and services. Montreux Equity Partners looks to invest $10 to $20 million in fast growing companies with $5 to $50 million in revenue. Montreux Equity Partners was formed in 1993 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 16 of 24
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 15
State: California M&A 15 of 22
Country: United States M&A 16 of 24
Year: 2012 M&A 2 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Colorescience

Carlsbad, California, United States

Colorescience is a cosmeceutical company providing natural, mineral-based approach to skin protection and skin health. Colorescience was founded in 2000 and is based in Carlsbad, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Somaxon Pharmaceuticals

Solana Beach, California, United States

Somaxon Pharmaceuticals, Inc. is a specialty pharmaceutical company focuses on psychiatric and neurological conditions.

Sell $25M
SELLER

VMG Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

VMG Partners is a private equity firm focused on early and growth stage investing in consumer products companies. VMG has a specific interest in the lifestyle, wellness, food and beverage, personal care, pet and leisure sectors of the consumer products industry. VMG targets US-based companies with revenues between $1 and $500 million. VMG was formed in 2005 and has offices in San Francisco and Los Angeles.


DEAL STATS #
Overall 4 of 24
Sector: Consumer Products M&A 2 of 7
Type: Add-on Acquisition M&A Deals 4 of 20
State: California M&A 2 of 11
Country: United States M&A 4 of 23
Year: 2012 M&A 3 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 Robert s American Gourmet Food

Sea Cliff, New York, United States

Robert's American Gourmet Food LLC (dba Pirate Brands) markets and sells better-for-you, salty snacks to natural and mainstream retailers nationwide. The company offers a variety of natural snacks made from puffed corn and rice, heart-healthy oils and high quality natural seasonings including real aged white cheddar, spinach and kale. Pirate Brands’ products include Pirate’s Booty, Smart Puffs and Tings among others.

Sell $195M