Investment Summary

Colorcon Invests In Ideal Cures

On October 14, 2021, Colorcon invested in life science company Ideal Cures from TA Associates

Investment Highlights
  • This is Colorcon’s 2nd transaction in the Life Science sector.
  • This is Colorcon’s 2nd transaction in India.

Investment Summary

Date 2021-10-14
Target Ideal Cures
Sector Life Science
Investor(s) Colorcon
Sellers(s) TA Associates
Deal Type Stake Purchase

Target

Ideal Cures

Mumbai, India
Ideal Cures is a manufacturer and exporter of pharmaceutical excipients and ready-to-use coating systems for solid oral dosage forms. Ideal Cures has EXCiPACT certified cGMP manufacturing plants located in Vasai, Jammu, and Khambat and R&D facilities in Mumbai and Vasai. The product portfolio comprises of INSTACOAT ready-to-use film coating systems, INSTANUTE coating technology for nutraceuticals and dietary supplements, ECOPOL range of Pharma Acrylic Polymer’s, ECO COOL brand of cooling compounds, ESPHERES range of sugar, microcrystalline cellulose, silicon dioxide, calcium carbonate, and tartaric acid spheres. Ideal Cures was founded in 1999 and is based in Mumbai, India.

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Investor(S) 1

Investor

Colorcon

Harleysville, Pennsylvania, United States

Category Company
Founded 1961
Sector Chemicals
DESCRIPTION

Colorcon is a provider of pharmaceutical technologies and a manufacturer of specialty chemicals for related industries. The company's best-of-class technologies are complemented by value-added services, including technical and global regulatory information services, training seminars and independent research support. The primary market for Colorcon is serving manufacturers of pharmaceutical products in the areas of modified release technologies, excipients, and film coatings for solid oral dosage development. These products are used in the prescription and OTC drug, nutritional supplement and veterinary product markets. The specialty chemicals groups at Colorcon provide coatings, polishes, colorants and inks for the food and confectionery markets, and non-toxic printing inks and functional coatings used in direct and indirect contact applications involving food, medical devices and associated packaging. Colorcon was founded in 1961 and is based in Harleysville, Pennsylvania.


DEAL STATS #
Overall 3 of 4
Sector: Life Science M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 Paulaur Corp - Pharmaceutical Sugar Spheres product line

United States

Paulaur Corp - Pharmaceutical Sugar Spheres product line is a provider of food products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Airnov

Choisy-le-Roi, France

Airnov is a formulator and manufacturer of active packaging solutions that protect drugs and other demanding products from moisture and oxygen. The company serves the pharmaceutical, diagnostic, and nutraceutical markets, and operates with a global reach through five manufacturing facilities throughout the U.S., France, India, and Asia. Airnov was formed in 2019 and is headquartered in Choisy-le-Roi, France.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 242 of 260
Sector: Life Science M&A 7 of 7
Type: Stake Purchase M&A Deals 6 of 6
Country: India M&A 5 of 10
Year: 2021 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 Eurowag

Praha, Czech Republic

Eurowag is a provider of payment solutions for freight and passenger carriers across Europe and Turkey. It offers a platform that includes a portfolio of cards for vehicle fueling, a unified system of electronic toll payment across a number of European countries, VAT refund and telematics services. Eurowag was founded in 1996 and is based in Prague, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Power Line Systems

Madison, Wisconsin, United States

Power Line Systems is a provider of software for the design of overhead electric power transmission lines and their structures. Its concentrated focus from the outset has been ever-improving engineering tools for overhead power line structures, earning the supportive confidence of transmission engineers as the industry standard of best practice throughout the U.S., increasingly across Europe, and opportunistically in Asia. The company's software can advantageously bring transmission-grade sophistication to broader applications in overhead distribution and in the communications grid which to deliver the more intensive reach of 5G increasingly includes newly shared towers and poles. Power Line Systems was formed in 1984 and is based in Madison, Wisconsin.

Sell $700M