M&A Deal Summary

Endo International Acquires Par Pharmaceutical Companies

On May 18, 2015, Endo International acquired life science company Par Pharmaceutical Companies from TPG for 8.1B USD

Acquisition Highlights
  • This is Endo International’s 9th transaction in the Life Science sector.
  • This is Endo International’s largest (disclosed) transaction.
  • This is Endo International’s 12th transaction in the United States.
  • This is Endo International’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2015-05-18
Target Par Pharmaceutical Companies
Sector Life Science
Buyer(s) Endo International
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 8.1B USD
Advisor(s) J.P. Morgan Securities (Financial)
Ropes & Gray (Legal)

Target

Par Pharmaceutical Companies

Woodcliff Lake, New Jersey, United States
Par Pharma specializes in developing, licensing, manufacturing, marketing and distributing generic drugs.

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Buyer(S) 1

Buyer

Endo International

Dublin, Ireland

Category Company
Founded 1920
Sector Medical Products
Employees3,103
Revenue 2.9B USD (2020)
DESCRIPTION

Endo International is a pharmaceutical company engaged in the research, development, sale and marketing of branded and generic prescription pharmaceuticals used to treat and manage pain, bladder cancer, prostate cancer and the early onset of puberty in children, or central precocious puberty (CPP). Endo International was incorporatted in 1920 and is based in Dublin, Ireland.


DEAL STATS #
Overall 14 of 16
Sector (Life Science) 9 of 11
Type (Add-on Acquisition) 14 of 15
State (New Jersey) 2 of 3
Country (United States) 12 of 14
Year (2015) 2 of 2
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 American Medical Systems

Minnetonka, Minnesota, United States

American Medical Systems, Inc. is a manufacturer and marketer of medical devices for the surgical treatment of urological and gynecological disorders.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Litha Healthcare Group

Midrand, South Africa

Litha Healthcare Group Ltd. is a pharma group with around 160 employees providing products and services to public and private hospitals, pharmacies, general and specialist practitioners, as well as government law enforcement programs.

Sell -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 143 of 267
Sector (Life Science) 21 of 31
Type (Add-on Acquisition) 56 of 94
State (New Jersey) 2 of 5
Country (United States) 105 of 193
Year (2015) 8 of 15
Size (of disclosed) 6 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Poundworld

West Yorkshire, United Kingdom

Poundworld is one of the UK's major single-priced retailers with more than 280 stores nationwide. Poundworld was founded in 1974 and is based in West Yorkshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 PropertyGuru

Singapore, Singapore

PropertyGuru is an online property portal group focused on serving clients across Singapore, Malaysia, Indonesia, and Thailand. PropertyGuru was formed in 2006 and is based in Singapore.

Buy -