M&A Deal Summary

Alvogen Acquires Omega Bittner

On August 15, 2017, Alvogen acquired life science company Omega Bittner from Perrigo Company

Acquisition Highlights
  • This is Alvogen’s 7th transaction in the Life Science sector.
  • This is Alvogen’s 2nd transaction in Russia.

M&A Deal Summary

Date 2017-08-15
Target Omega Bittner
Sector Life Science
Buyer(s) Alvogen
Sellers(s) Perrigo Company
Deal Type Divestiture

Target

Omega Bittner

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

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Buyer(S) 1

Buyer

Alvogen

Morristown, New Jersey, United States

Category Company
Founded 2009
Sector Life Science
Employees2,000
DESCRIPTION

Alvogen is a multinational pharmaceuticals company focused on developing, manufacturing and distributing generic, brand, over-the-counter brands (OTC) and biosimilar products. With more than 200 pharmaceutical projects in development and registration, the group’s product portfolio consists of a broad range of leading molecules for the treatment of conditions in the fields of oncology, cardiology, respiratory, neurology, and gastroenterology. Alvogen has commercial operations in over 30 countries across North America, Central and Eastern Europe, and the Asia Pacific. Alvogen was founded in 2009 and is based in Morristown, New Jersey.


DEAL STATS #
Overall 7 of 8
Sector (Life Science) 7 of 8
Type (Divestiture) 3 of 4
Country (Russia) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 County Line Pharmaceuticals

Brookfield, Wisconsin, United States

County Line Pharmaceuticals LLC is a specialty generic pharmaceutical company focusing on growth through the acquisition or in-licensing of under-appreciated generic assets, marketing of Authorized Generic products and the development of specialty generic products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Alvogen CEE

Poland

Alvogen CEE markets over 200 generic and over-the-counter products across multiple therapeutic areas, consisting of highly recognized brands like Lactacyd, Persen, EuBiotic and many more with leading market positions in 14 key markets across CEE including; Russia, Romania, Bulgaria, Hungary, Poland and Balkan markets.

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 5 of 9
Sector (Life Science) 4 of 7
Type (Divestiture) 5 of 9
Country (Russia) 1 of 1
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 Wavelength Pharmaceuticals

Petah Tikva, Israel

Wavelength Pharmaceuticals is a developer and manufacturer of generic APIs and finished dose forms (“FDF”) with operations primarily located in Israel and supporting functions in the U.S. and India. The Business has a global customer base and a broad array of products that leverage its specialized manufacturing capabilities and core competency in complex chemistries. Wavelength Pharmaceuticals is based in Petah Tikva, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Ranir

Grand Rapids, Michigan, United States

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.

Buy $750M