M&A Deal Summary

Haitong International Zhonghua Finance Acquisition Fund I Acquires Obagi

On November 10, 2017, private equity firm Haitong International Zhonghua Finance Acquisition Fund I acquired consumer products company Obagi from Bausch Health for 190M USD

Acquisition Highlights
  • This is Haitong International Zhonghua Finance Acquisition Fund I’s 1st transaction in the Consumer Products sector.
  • This is Haitong International Zhonghua Finance Acquisition Fund I’s largest (disclosed) transaction.
  • This is Haitong International Zhonghua Finance Acquisition Fund I’s 1st transaction in the United States.
  • This is Haitong International Zhonghua Finance Acquisition Fund I’s 1st transaction in California.
Investment Fate
  • Obagi was sold to a publicly-traded strategic buyer in 2021.

M&A Deal Summary

Date 2017-11-10
Target Obagi
Sector Consumer Products
Buyer(s) Haitong International Zhonghua Finance Acquisition Fund I
Sellers(s) Bausch Health
Deal Type Divestiture
Deal Value 190M USD

Target

Obagi

Long Beach, California, United States
Obagi is a physician-dispensed brand in the dermo-cosmetic space, the highest-growth category in skin care. Obagi's product portfolio includes brands Obagi Nu-Derm®, Condition & Enhance®, Obagi-C® Rx, ELASTIDerm® and CLENZIDerm®.

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Buyer(S) 1

DESCRIPTION

Haitong International is a private equity firm that invests in a variety of industries and situations. Haitong International is headquartered in Hong Kong, China.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Obagi

Long Beach, California, United States

Obagi is a physician-dispensed brand in the dermo-cosmetic space, the highest-growth category in skin care. Obagi's product portfolio includes brands Obagi Nu-Derm®, Condition & Enhance®, Obagi-C® Rx, ELASTIDerm® and CLENZIDerm®.

Sell -

Seller(S) 1

SELLER

Bausch Health

Laval, Quebec, Canada

Category Company
Sector Life Science
Employees20,270
Revenue 9.6B USD (2024)
DESCRIPTION

Bausch Health is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of dermatology, neurology, and branded generics. Bausch Health is based in Laval, Quebec.


DEAL STATS #
Overall 9 of 10
Sector: Consumer Products M&A 5 of 5
Type: Divestiture M&A Deals 9 of 10
State: California M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2017 M&A 6 of 6
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 iNova Pharmaceuticals

Singapore, Singapore

iNova Pharmaceuticals is a developer and marketer of over-the-counter and prescription medicines. iNova Pharmaceuticals was founded in 1958 and is based in Singapore.

Sell $930M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Synergy Pharmaceuticals - Certain Assets

New York, New York, United States

Synergy Pharmaceuticals, Inc. - Certain Assets includes TRULANCE (plecanatide), a once-daily tablet approved for adults with chronic idiopathic constipation (CIC) and irritable bowel syndrome with constipation (IBS-C), and its investigational compound, dolcanatide, is an incremental peptide with established proof-of-concept studies in multiple GI conditions.

Buy $195M