M&A Deal Summary

Gland Pharma Acquires Cenexi

On January 12, 2023, Gland Pharma acquired life science company Cenexi from Cathay Capital Private Equity and Ardian

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

M&A Deal Summary

Date 2023-01-12
Target Cenexi
Sector Life Science
Buyer(s) Gland Pharma
Sellers(s) Cathay Capital Private Equity
Ardian
Deal Type Add-on Acquisition

Target

Cenexi

Fontenay sous Bois, France
Cenexi engages in the contract manufacturing and packaging of pharmaceuticals for human and veterinary markets in the Americas, Asia, Oceania, Africa, and Europe. Cenexi was founded in 2004 and is based in Fontenay sous Bois, France.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Gland Pharma

Hyderabad, India

Category Company
Founded 1978
Sector Life Science
DESCRIPTION

Gland develops and manufactures generic injectables for use in nearly 90 countries on five continents, with a focus on the Indian and US markets. Since 1996, The Company has maintained a relationship with the Vetter family in Germany, and by 2003, Gland was the first company in India to get US Food and Drug Administration ("FDA") approval for pharmaceutical liquid injectable products. Gland's world-class manufacturing facilities have also received approvals from a number of key medical regulatory agencies around the globe including those in Australia, Germany and the UK, in addition to the World Health Organization.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 2

SELLER

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 25 of 31
Sector: Life Science M&A 4 of 5
Type: Add-on Acquisition M&A Deals 6 of 8
Country: France M&A 17 of 21
Year: 2023 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-21 NeoXam

Paris, France

NeoXam is a provider of investment accounting, investment management, and data management software solutions. NeoXam's customer base is made of large and medium asset management firms, investment banks, institutional investors, and securities services providers. NeoXam was founded in 2014 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 CMR Group

Marseille, France

CMR Group is a global engineering partner for marine, offshore, and industrial applications. Our solutions include design, manufacturing, and service of instrumentation and engine controls. CMR Group was founded in 1959 and is based in Marseille, France.

Sell -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 218 of 247
Sector: Life Science M&A 8 of 8
Type: Add-on Acquisition M&A Deals 52 of 63
Country: France M&A 106 of 116
Year: 2023 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Abvent

Paris, France

Abvent is a publisher and distributor of software for architects. The Group has developed a proprietary offer combining 3D visualization software and project management solutions via BIM (Building Information Modelling). It is also the exclusive distributor in France and French-speaking Switzerland of the industry-standard design and project management system for architects, ArchiCAD. Abvent was founded in 1985 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Assist Digital

Milan, Italy

Assist Digital is a Pan-European company that helps blue-chip companies to create a seamless experience for every customer, designing effective interfaces and managing relationships in real-time across every single channel, with the aim of turning every contact into an opportunity of improving customer satisfaction. Founded as an advisory company, Assist Digital has progressively transformed into a next-generation CRM specialist: an innovative blended offering of business process outsourcing services and digital services. Assist Digital was founded in 1996 and is based in Milan, Italy.

Buy -