M&A Deal Summary

Explorer Investments Acquires Hovione

On January 1, 2024, private equity firm Explorer Investments acquired life science company Hovione

Acquisition Highlights
  • This is Explorer Investments’ 6th transaction in the Life Science sector.
  • This is Explorer Investments’ 63rd transaction in Portugal.

M&A Deal Summary

Date 2024-01-01
Target Hovione
Sector Life Science
Buyer(s) Explorer Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Hovione

Loures, Portugal
Hovione is a contract development and manufacturing organization (CDMO) offering fully integrated services for drug substances, intermediates, and drug products. It supports pharmaceutical clients with the development and compliant manufacture of innovative and highly potent drugs, delivering customized solutions across the entire drug life cycle. Hovione was founded in 1959 and is based in Loures, Portugal.

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Buyer(S) 1

Buyer

Explorer Investments

Lisbon, Portugal

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Explorer Investments is a private investment firm that looks to fund buyouts, as well as provide expansion and replacement capital to middle-market Portuguese companies. Explorer looks to invest a minimum of €10 million in transactions valued up to €150 million. Explorer does not have any sector preferences and typically holds investments for three to six years. Explorer Investments was formed in 2003 and is based in Lisbon, Portugal.


DEAL STATS #
Overall 67 of 73
Sector: Life Science M&A 6 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 36 of 40
Country: Portugal M&A 63 of 68
Year: 2024 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 BBG Aluminium Systems

Braga, Portugal

BBG Aluminium Systems manufactures and assembles a multitude of metallic products such as metal structures, railings, and guardrails, doors, windows, fixed and ventilated glass curtain walls. BBG Aluminium Systems was founded in 2008 and is based in Braga, Portugal.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Lxbio Pharmaceuticals

Lisbon, Portugal

Lxbio Pharmaceuticals is a biotech company specialising in advanced biologic therapies such as bacteriophage treatments, monoclonal antibodies, CAR-T cells and innovative drug delivery systems. It focuses on developing solutions for difficult-to-treat infections, oncology and immune-related diseases. Lxbio Pharmaceuticals is based in Lisbon, Portugal.

Buy -