M&A Deal Summary

Cencora Acquires PharmaLex

On September 12, 2022, Cencora acquired life science company PharmaLex from AUCTUS Capital Partners for 1.3B USD

Acquisition Highlights
  • This is Cencora’s 2nd transaction in the Life Science sector.
  • This is Cencora’s 6th largest (disclosed) transaction.
  • This is Cencora’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-09-12
Target PharmaLex
Sector Life Science
Buyer(s) Cencora
Sellers(s) AUCTUS Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Harris Williams & Co. (Financial)
emnay Rechtsanwaltskanzlei Florian Aigner (Legal)

Target

PharmaLex

Frankfurt, Germany
PharmaLex is a provider of solutions for drug development, regulatory affairs, and pharmacovigilance. The company features a multidisciplinary team from more than 40 nationalities with knowledge that spans the whole spectrum of life sciences, including biology, biochemistry, pharmacology, engineering, food chemistry, medicine, nutritional science, pharmacy science, toxicology, and veterinary medicine. PharmaLex is based in Frankfurt, Germany.

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Buyer(S) 1

Buyer

Cencora

Conshohocken, Pennsylvania, United States
Category Company
Founded 2001
Sector Distribution
Employees46,000
Revenue 262.2B USD (2023)
DESCRIPTION

Cencora is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and care. Cencora was founded in 2001 and is based in Conshohocken, Pennsylvania.

DEAL STATS #
Overall 13 of 15
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 11 of 12
Country (Germany) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 H. D. Smith

Springfield, Illinois, United States

H. D. Smith LLC is a wholesalers, providing services and solutions for manufacturers and healthcare providers. H. D. Smith LLC was founded in 1954 and is based in Springfield, Illinois.

Buy $815M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 OneOncology

Nashville, Tennessee, United States

OneOncology empowers community oncology practices with advanced tools and capabilities to help physicians deliver higher-quality cancer care to their patients, close to home, amidst a rapidly evolving cancer care ecosystem. OneOncology was founded in 2018 and is based in Nashville, Tennessee.

Buy $2.1B

Seller(S) 1

SELLER

AUCTUS Capital Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AUCTUS Capital Partners AG targets small-cap and mid-market opportunities in German-speaking countries (primarily Germany, Switzerland and Austria). The Firm focuses on 'sustainable' companies operating in fragmented sectors with strong market positions and growth potential. AUCUTS generally looks to invest in companies valued between €10 and €100 million with revenues of €10 to €200 million. Areas of interest include healthcare, automotive, fine chemicals/pharma, IT/software, education, and business services. The Firm will consider a variety of transaction types including buy-and-build, MBOs, MBIs, and spin-offs/carve-outs. AUCTUS Capital Partners AG was formed in 2001 and is based in Munich.

DEAL STATS #
Overall 17 of 18
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Germany) 16 of 17
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 BMA

Braunschweig, Germany

BMA supplies machinery and equipment for the industrial-scale processing of renewable raw materials in the strategic business areas Sugar and Sweeteners, and Biomass. BMA was founded in 1853 and is based in Braunschweig, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 TERRAS Tiefbau Group

Montabaur, Germany

TERRAS Tiefbau Group sa full-service provider,successfully covers all areas of civil engineering: the range of services includes earthworks and excavation work, sewer, road and civil engineering work, as well as development work and demolition work, as well as the disposal and recycling of building materials. TERRAS Tiefbau Group was founded in 2020 and is based in Montabaur, Germany.

Buy -
Mergr

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