Investment Summary

CVC Capital Partners and Royal FrieslandCampina N.V. Invest In DFE Pharma

On September 25, 2019, private equity firm CVC Capital Partners and Royal FrieslandCampina N.V. invested in life science company DFE Pharma from Fonterra Co-operative Group

Investment Highlights
  • This is CVC Capital Partners’ 6th and Royal FrieslandCampina N.V.’s 1st transaction in the Life Science sector.
  • This is CVC Capital Partners’ 12th and Royal FrieslandCampina N.V.’s 1st transaction in Germany.

Investment Summary

Date 2019-09-25
Target DFE Pharma
Sector Life Science
Investor(s) CVC Capital Partners
Royal FrieslandCampina N.V.
Sellers(s) Fonterra Co-operative Group
Deal Type Stake Purchase

Target

DFE Pharma

Goch, Germany
DFE Pharma is an excipient manufacturer. Excipients are the inactive substances that are blended with the active ingredients in medicine for purposes such as binding, bulking, disintegration or to aid in the processing of the active ingredient. With operations in Europe, India and New Zealand and an active presence in over 100 countries, DFE develops, produces and markets excipients primarily for oral solid dose and dry powder inhalation. DFE Pharma is based in Goch, Germany.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 247 of 328
Sector: Life Science M&A 6 of 9
Type: Stake Purchase M&A Deals 30 of 42
Country: Germany M&A 12 of 15
Year: 2019 M&A 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Multiversity

Campania, Italy

Multiversity is the owner of Italy's largest online university Universitá Telematica Pegaso, as well as Mercatorum University. Pegaso is the largest online university in Italy, offering courses to around 80,000 undergraduate and post-graduate students across more than 70 exam venues. Pegaso's innovative online platform offers a range of programs for the under-served further education market, including bachelor and master degrees, post-graduate masters and single courses. Multiversity was founded in 2006 and is based in Campania, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 ironSource

Tel Aviv, Israel

ironSource is a high-growth mobile advertising and mobile gaming technology market that operates globally. Through its various technologies, the company works with a unique combination of customers including software, app, and game developers, telecom operators, and mobile device original equipment manufacturers. The company focuses on developing technologies for app monetization and distribution, with its core products targeting game developers. ironSource was founded in 2010 and is based in Tel Aviv, Israel.

Buy -
Investor

Royal FrieslandCampina N.V.

Amersfoort, Netherlands

Category Company
Sector Food
DESCRIPTION

Royal FrieslandCampina N.V. produces and sells consumer products such as dairy-based beverages, infant nutrition, cheese and desserts in many European countries, in Asia and in Africa.


DEAL STATS #
Overall 2 of 3
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Creamy Creation

Rijkevoort, Netherlands

Creamy Creation has developed itself into a successful player in the segment of alcoholic cream liqueurs. The company will continue to develop and sell distinguishing cream liqueurs. Creamy Creation was founded in 1979 and is based in Amersfoort, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 Wisconsin Whey Protein

Darlington, Wisconsin, United States

Wisconsin Whey Protein is a U.S.-based dairy-ingredients manufacturer that produces whey-protein concentrates (WPC), whey-protein isolates (WPI), lactose, and cheeses. The Company serves customers in sectors such as infant formula, medical nutrition, health & wellness, sports nutrition, bakery, and food processing. Its operations include modern processing facilities in Darlington and Turtle Lake, Wisconsin.

Buy -

Seller(S) 1

SELLER

Fonterra Co-operative Group

Auckland, New Zealand

Category Company
Founded 2001
Sector Food
Employees16,441
Revenue 22.8B NZD (2024)
DESCRIPTION

Fonterra Co-operative Group is a global, co-operatively-owned company with its roots firmly planted in New Zealand’s rich land, working to unlock every drop of goodness from the 22 billion litres of milk they collect each year and sharing it with the world. Fonterra Co-operative Group was founded in 2001 and is headquartered in Auckland, New Zealand.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Tip Top

Auckland, New Zealand

Tip Top engages in the production and distribution of ice creams. Tip Top offers ice cream bars, jelly tips, choco bars, chilled products, ice cream tubs, and scoops. It sells its products through retailers and scoop shops in New Zealand.

Sell $380M