M&A Deal Summary

AstraZeneca Acquires Definiens AG

On November 4, 2014, AstraZeneca acquired information technology company Definiens AG from Cipio Partners and Gilde Healthcare for 150M USD

Acquisition Highlights
  • This is AstraZeneca’s 1st transaction in the Information Technology sector.
  • This is AstraZeneca’s 17th largest (disclosed) transaction.
  • This is AstraZeneca’s 1st transaction in Germany.

M&A Deal Summary

Date 2014-11-04
Target Definiens AG
Sector Information Technology
Buyer(s) AstraZeneca
Sellers(s) Cipio Partners
Gilde Healthcare
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Definiens AG

Munich, Germany
Definiens AG is a provider of image analysis and data mining solutions for quantitative digital pathology in the life sciences, diagnostic biomarkers and healthcare industries. Definiens software provides detailed readouts from whole tissue slides, cell-based assays and full body scans and allows correlating this information with data derived from other sources.

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Buyer(S) 1

Buyer

AstraZeneca

Cambridge, United Kingdom

Category Company
Founded 1992
Sector Life Science
Employees83,100
Revenue 45.8B USD (2023)
DESCRIPTION
Main office on AstraZeneca's campus in Waltham, Massachusetts.
Main office on AstraZeneca's campus in Waltham, Massachusetts.

AstraZeneca is a global biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines in several major disease areas, including oncology, cardiovascular, renal & metabolism, and respiratory & immunology. The Company's aim is to improve the health and quality of life of patients around the world through medicines, treatment solutions, and accessibility to healthcare. AstraZeneca is involved in both the research and development (R&D) and manufacturing of drugs to address critical areas of unmet medical need. AstraZeneca was founded in 1992 and is based in Cambridge, United Kingdom.


DEAL STATS #
Overall 9 of 19
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 7 of 15
Country (Germany) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 AstraZeneca - Ethyol

United States

AstraZeneca - Ethyol is a cytoprotective drug indicated as an adjuvant therapy to reduce the incidence of xerostomia (dry mouth) as a side-effect in patients undergoing post-operative radiation treatment for head and neck cancer. It also reduces the cumulative renal toxicity associated with the repeated administration of cisplatin in patients with advanced ovarian cancer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Myalept

United States

Myalept™ (metreleptin for injection) is an orphan product that is indicated to treat complications of leptin deficiency in patients with generalized lipodystrophy.

Sell $325M

Seller(S) 2

SELLER

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


DEAL STATS #
Overall 52 of 68
Sector (Information Technology) 8 of 9
Type (Add-on Acquisition) 25 of 35
Country (Germany) 17 of 22
Year (2014) 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 MyOptique Group

London, United Kingdom

MyOptique Group Ltd. is an online optical segment with a full offering covering all three major segments in the eyewear market prescription glasses, contact lenses and sunglasses via its Glasses Direct, Sunglasses Shop, LensOn and MyOptique websites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Voltage Security

Cupertino, California, United States

Voltage Security, Inc. is an enterprise security company and global leader in enterprise data protection for data residing both inside and outside the cloud. Voltage solutions provide cloud-scale encryption and simplified key management for protecting sensitive information wherever it is stored and processed, on-premise or in private and public clouds.

Sell -
SELLER

Gilde Healthcare

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B EUR
Size Large
Type Sector Focused
DESCRIPTION

Gilde Healthcare is a specialist private equity and venture investor focused on the healthcare sector. The Firm's buyout group targets majority investments throughout Europe (preference for Germany, the Netherlands, Belgium, Austria or Switzerland) and has a focus on healthcare providers, suppliers and service providers active in the healthcare market. The Firm's venture group looks to invest in early stage medtech, diagnostics, digital health and therapeutics companies throughout North America and Europe. Gilde Healthcare was established in 2001 and is headquartered in Utrecht, the Netherlands.


DEAL STATS #
Overall 14 of 30
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 8 of 15
Country (Germany) 5 of 5
Year (2014) 5 of 6
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Levicept

Sandwich, United Kingdom

Levicept is a biopharmaceutical company focused solely on the preclinical and clinical development of p75NTR-Fc as treatment for osteoarthritis and chronic pain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Pieris

Boston, United States

Pieris is a clinical-stage biotechnology company applying its proprietary Anticalin technology to create differentiated drugs that can help patients suffering from cancer, severe asthma, anemia and other medical conditions with a high unmet medical need. Pieris was founded in 2000 and is based in Boston, Massachusetts.

Sell -