M&A Deal Summary

Cerberus Capital Management Acquires Covis Pharma

On January 1, 2011, asset manager Cerberus Capital Management acquired life science company Covis Pharma

Acquisition Highlights
  • This is Cerberus Capital Management’s 2nd transaction in the Life Science sector.
  • This is Cerberus Capital Management’s 1st transaction in Luxembourg.
Investment Fate
  • Covis Pharma was sold to a consortium of financial buyers in 2020.
  • Covis Pharma was sold to a strategic buyer in 2025.

M&A Deal Summary

Date 2011-01-01
Target Covis Pharma
Sector Life Science
Buyer(s) Cerberus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Covis Pharma

Luxembourg, Luxembourg
Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology, and central nervous system diseases. Covis Pharma was founded in 2011 and is based in Luxembourg, Luxembourg.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 35 of 93
Sector: Life Science M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 27
Country: Luxembourg M&A 1 of 1
Year: 2011 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Keane Group

Houston, Texas, United States

Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Rafaella Apparel Group

New York, New York, United States

Rafaella is a designer, sourcer, marketer and distributor of a full line of women's better sportswear, and recognized throughout the women's apparel industry and by consumers for its superior fitting pants.

Sell $70M