M&A Deal Summary

Elanco Acquires Bayer AG - Animal Health Business

On August 20, 2019, Elanco acquired consumer services company Bayer AG - Animal Health Business from Bayer for 7.6B USD

Acquisition Highlights
  • This is Elanco’s 1st transaction in the Consumer Services sector.
  • This is Elanco’s largest (disclosed) transaction.
  • This is Elanco’s 3rd transaction in Germany.

M&A Deal Summary

Date 2019-08-20
Target Bayer AG - Animal Health Business
Sector Consumer Services
Buyer(s) Elanco
Sellers(s) Bayer
Deal Type Divestiture
Deal Value 7.6B USD

Target

Bayer AG - Animal Health Business

Leverkusen, Germany
Bayer AG - Animal Health Business is an animal health service provider.

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Buyer(S) 1

Buyer

Elanco

Greenfield, Indiana, United States

Category Company
Founded 1954
Sector Life Science
Employees9,300
Revenue 4.4B USD (2023)
DESCRIPTION

Elanco develops and markets products and services to improve animal health and protein production in more than 75 countries. Elanco employs more than 3,000 people worldwide, with offices in more than 40 countries. Elanco was incorporated in 1954 and is based in Greenfield, Indiana.


DEAL STATS #
Overall 10 of 11
Sector (Consumer Services) 1 of 1
Type (Divestiture) 5 of 5
Country (Germany) 3 of 3
Year (2019) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Prevtec Microbia

Montreal, Quebec, Canada

Prevtec Microbia, Inc. is a Canadian biotechnology company developing and commercializing sustainable solutions as alternatives to antibiotics to improve animal health, production performance and food safety. Prevtec Microbia’s first commercial product, Coliprotec®F4, a swine E. coli vaccine, has been sold across Canada since 2007 and in the EU since 2015, and is approved in Brazil (2010) and in the US (2018).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Elanco Animal Health - Capstar

Greenfield, Indiana, United States

Elanco Animal Health, Inc. - Capstar is an oral over-the-counter (“OTC”) flea treatment product in the United States. The Capstar portfolio is comprised of seven SKUs, including three private-label SKUs that are sold under the Capaction® brand. Capstar® is an oral tablet for the treatment of flea infestations on dogs, puppies, cats, and kittens and is currently the best-selling oral OTC flea treatment product in the United States.

Sell $95M

Seller(S) 1

SELLER

Bayer

Leverkusen, Germany

Category Company
Founded 1863
Sector Life Science
Employees98,189
Revenue 47.6B EUR (2023)
DESCRIPTION
Bayer office building in North Sydney, Australia.
Bayer office building in North Sydney, Australia.

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer was founded in 1863 and is based in Leverkusen, Germany.


DEAL STATS #
Overall 14 of 22
Sector (Consumer Services) 1 of 1
Type (Divestiture) 10 of 18
Country (Germany) 9 of 12
Year (2019) 4 of 4
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 BlueRock Therapeutics

Cambridge, Massachusetts, United States

BlueRock Therapeutics LLC is a cell therapy company with a mission to develop regenerative medicines for intractable diseases. BlueRock Therapeutics’ CELL+GENE™ platform harnesses the power of cells for new medicines across neurology, cardiology and immunology indications. BlueRock Therapeutics’ cell differentiation technology recapitulates the cell’s developmental biology to produce native cell therapies, which are further engineered for additional function. Utilizing these cell therapies to replace damaged or degenerated tissue brings the potential to restore or regenerate lost function.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 KaNDy Therapeutics

Stevenage, United Kingdom

KaNDy Therapeutics is a private clinical-stage biotech based at the state-of-the-art Stevenage Bioscience Catalyst, a leading location for companies to develop and commercialize cutting edge therapeutics. KaNDy Therapeutics was formed in 2017 and is based in Stevenage, United Kingdom.

Buy $425M