M&A Deal Summary

Eastgate Capital Group Acquires Sigma Pharmaceutical Industries SAE

On March 16, 2009, Eastgate Capital Group acquired life science company Sigma Pharmaceutical Industries SAE

Acquisition Highlights
  • This is Eastgate Capital Group’s 1st transaction in the Life Science sector.
  • This is Eastgate Capital Group’s 1st transaction in Egypt.

M&A Deal Summary

Date 2009-03-16
Target Sigma Pharmaceutical Industries SAE
Sector Life Science
Buyer(s) Eastgate Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Sigma Pharmaceutical Industries SAE

Quesna, Egypt
Established in 1998, Sigma is currently the 10th largest and one of the fastest growing and most profitable pharmaceutical companies in Egypt. The company's existing portfolio and pipeline are broad, relatively young and well-matched to Egypt's therapeutical needs. Sigma is a very attractive investment for Eastgate, considering the resilience of the healthcare sector and the opportunity to tap into the growing Egyptian and regional generic pharamceutical market.

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Buyer(S) 1

Buyer

Eastgate Capital Group

Dubai, United Arab Emirates

Category Private Equity Firm
Founded 2006
PE ASSETS 650M USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eastgate Capital Group is a private equity group focused on opportunities across the Middle East and North Africa. In addition to investing in real estate, Eastgate will consider private equity transactions in a variety of sectors. Eastgate was formed in 2006 and is a unity of NCB Capital. The Firm is based in Dubai.


DEAL STATS #
Overall 3 of 4
Sector: Life Science M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
Country: Egypt M&A 1 of 1
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-16 Avendus

Mumbai, India

Avendus is a provider of financial services and lays emphasis on creating customized solutions in the areas of asset management, credit solutions, investment banking, and wealth management. Avendus was formed in 1999 and is based in Mumbai, India.

Buy Rs100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-17 L azurde

Riyadh, Saudi Arabia

L'azurde is designer, manufacturer and distributor of gold jewelry for the premium mass market, and the fourth largest gold jewelry manufacturer globally. L'azurde was established in 1982 and is based in Riyadh, Saudi Arabia.

Buy -