M&A Deal Summary

Frontier Pharma Acquires Zdravlje

On April 1, 2021, Frontier Pharma acquired life science company Zdravlje from Teva Pharmaceutical Industries

Acquisition Highlights
  • This is Frontier Pharma’s 1st transaction in the Life Science sector.
  • This is Frontier Pharma’s 1st transaction in Serbia.

M&A Deal Summary

Date 2021-04-01
Target Zdravlje
Sector Life Science
Buyer(s) Frontier Pharma
Sellers(s) Teva Pharmaceutical Industries
Deal Type Divestiture

Target

Zdravlje

Leskovac, Serbia
Zdravlje is a manufacturer and supplier of high-quality pharmaceutical products. The Company currently manufactures a large portfolio of oral solid and liquid products to treat a range of serious and chronic diseases including cardiovascular, central nervous system, and respiratory disorders, amongst others. It supplies high-quality pharmaceuticals to more than 35 international markets including those in Western & Eastern Europe, U.K., Asia-Pacific, Sub-Saharan Africa, and Latin America. Zdravlje was formed in 1953 and is based in Leskovac, Serbia.

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Buyer(S) 1

Buyer

Frontier Pharma

London, United Kingdom

Category Company
Sector Life Science
DESCRIPTION

Frontier Pharma is a U.K.-based specialist pharmaceutical investor and operator founded by M. Levent Selamoglu and Kiren Naidoo. The company has several decades of industry experience across Europe, the Middle East, and Africa ("EMEA"). The group is well-known for its capabilities across oral solids, injectables and topical pharmaceutical forms, API production, and experience as a contract manufacturer for a range of multinationals.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Serbia) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Teva Pharmaceutical Industries

Tel Aviv, Israel

Category Company
Founded 1901
Sector Life Science
Employees35,001
Revenue 15.8B USD (2023)
DESCRIPTION

Teva Pharmaceutical Industries is a provider of pharmaceutical company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active pharmaceutical ingredients. Teva Pharmaceutical Industries was founded in 1901 and is based in Tel Aviv, Israel.


DEAL STATS #
Overall 8 of 9
Sector (Life Science) 7 of 8
Type (Divestiture) 8 of 8
Country (Serbia) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Thermamex

London, United Kingdom

Theramex is a global specialty pharmaceutical company dedicated to women and their health. The Company markets a broad range of branded and branded generic products across 50 countries around the world. The portfolio, which is dedicated to women's health, focuses on contraception, fertility, menopause and osteoporosis and includes key brands such as Ovaleap®, Zoely®, Seasonique®, Actonel®, Estreva® and Lutenyl®. Thermamex is based in London, United Kingdom.

Sell $703M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Immuneering

Cambridge, Massachusetts, United States

Immuneering is a trusted advisor to pharmaceutical companies, pioneering new analyses to identify biological insights that improve patients’ lives. Immuneering’s team of experts provides advanced data analysis services using state-of-the-art technologies including proprietary algorithms. The company is a rapidly growing company with seven years of experience analyzing data sets ranging from gene expression (microarray) data, to single-nucleotide polymorphism (SNP) data, to protein concentration data, to clinical metadata, to next-generation sequencing (NGS) data including RNA seq, exome sequencing, and whole-genome sequencing. Using these data sets, Immuneering captures difficult-to-find signals, generates biological hypotheses, and designs follow-up studies, contributing to the development of medicines for patients with a wide range of serious diseases. Immuneering was formed in 2008 and is based in Cambridge, Massachusetts.

Sell -