M&A Deal Summary

Angelini Acquires ThermaCare

On March 7, 2020, Angelini acquired consumer products company ThermaCare from Wyeth

Acquisition Highlights
  • This is Angelini’s 1st transaction in the Consumer Products sector.
  • This is Angelini’s 1st transaction in the United States.
  • This is Angelini’s 1st transaction in Georgia.

M&A Deal Summary

Date 2020-03-07
Target ThermaCare
Sector Consumer Products
Buyer(s) Angelini
Sellers(s) Wyeth
Deal Type Divestiture

Target

ThermaCare

Albany, Georgia, United States
ThermaCare is a provider of heat wraps. ThermaCare HeatWraps relieve pain and accelerate healing with therapeutic heat.

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Buyer(S) 1

Buyer

Angelini

Roma, Italy

Category Company
Founded 1919
Sector Life Science
DESCRIPTION

Angelini S.p.a. is a European player in innovation, offering people, patients and their beloved ones new medicines and solutions to achieve better health outcomes and higher quality of life. Angelini S.p.a. pledge to successfully develop distinctive treatments for Mental Health conditions and Pain while selectively preserving the leading position in the Consumer Health segment.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-07 GlaxoSmithKline - ThermaCare Global Business

Brentford, United Kingdom

GlaxoSmithKline plc's ThermaCare Global Business uses patented technology that produces real heat to help the body rebuild damaged tissue and accelerate healing. ThermaCare® products are formulated for: Lower Back & Hip, Neck, Wrist & Shoulder, Knee & Elbow, Multi-Purpose Muscle, Multi-Purpose Joint, and Menstrual.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Arvelle Therapeutics

Zug, Switzerland

Arvelle Therapeutics is an emerging biopharmaceutical company focused on bringing innovative treatments to patients suffering from CNS disorders. Arvelle Therapeutics was founded in 2019 and is based in Zug, Switzerland.

Buy $960M

Seller(S) 1

SELLER

Wyeth

Collegeville, Pennsylvania, United States

Category Company
Founded 1860
Sector Life Science
Employees50,000
Revenue 22.4B USD (2008)
DESCRIPTION

Wyeth is a research-driven pharmaceutical and health care products company. It discovers, develops, manufactures and markets pharmaceuticals, vaccines, biotechnology products, nutritionals and non-prescription medicines. The Company’s major divisions include Wyeth Pharmaceuticals, Wyeth Consumer Healthcare and Fort Dodge Animal Health.


DEAL STATS #
Overall 4 of 4
Sector: Consumer Products M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-18 Thiakis Limited

London, United Kingdom

Thiakis is the developer of a treatment of severe obesity and comorbidities, including diabetes and heart disease.

Buy $150M