M&A Deal Summary

Hildred Capital Partners and Crown Laboratories Acquire GlaxoSmithKline - Consumer Healthcare Portfolio

On November 30, 2018, family office Hildred Capital Partners and Crown Laboratories acquired life science company GlaxoSmithKline - Consumer Healthcare Portfolio from GSK

Acquisition Highlights
  • This is Hildred Capital Partners’ 3rd and Crown Laboratories’ 1st transaction in the Life Science sector.
  • This is Hildred Capital Partners’ 1st and Crown Laboratories’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-11-30
Target GlaxoSmithKline - Consumer Healthcare Portfolio
Sector Life Science
Buyer(s) Hildred Capital Partners
Crown Laboratories
Sellers(s) GSK
Deal Type Divestiture

Target

GlaxoSmithKline - Consumer Healthcare Portfolio

Brentford, United Kingdom
GlaxoSmithKline plc - Consumer Healthcare Portfolio has long been regarded as high quality, safe and effective, maintaining a quality image and loyal base of consumers. OTC medications allow practitioners and their patients the ability to access therapeutic products while reducing the burden of prescription drug costs on the healthcare system. The products expand Crown Laboratories’ consumer portfolio by adding #1 in category brands that treat multiple conditions. The acquired portfolio includes PanOxyl®: #1 Dermatologist recommended daily acne wash Sarna®: #1 Dermatology recommended anti-itch lotion Zeasorb®: #1 Dermatologist recommended anti-fungal and prevention product Desenex®: Anti-fungal powder for athlete’s foot Mineral Ice®: Leading pain-relieving gel.

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Buyer(S) 2

DESCRIPTION

Hildred Capital Partners is a family-backed investment firm focused on active and passive investments across a range of securities. The Firm does not have any geographic preferences and will consider both equity and debt investing. Hildred Capital Partners was formed in 2014 and is headquartered in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Crown Laboratories

Johnson City, Tennessee, United States

Crown Laboratories is a specialty pharmaceutical company that produces medical products such as Blue Lizard Australian Sunscreen and medical products AlaQuin, AlaScalp, and Daxbia. Crown Laboratories currently operates three distinct areas of focus related to skincare and treating skin-related conditions: Consumer Healthcare Products, Prescription Products, and Contract Development and Manufacturing Services. Crown Laboratories was founded in 2000 and is based in Johnson City, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 Pharmaceutics International

Hunt Valley, Maryland, United States

Pharmaceutics International (Pii) is a privately held contract development and manufacturing organization providing dosage form development and manufacturing services to the global pharmaceutical industry. It provides preformulation testing, formulation development, clinical and commercial CGMP manufacturing of solid, parenteral, inhalation, semi-solid and liquid dosage forms, clinical packaging and labeling, and analytical services. Pharmaceutics International was founded in 1994 and is based in Hunt Valley, Maryland.

Sell -
Buyer

Crown Laboratories

Johnson City, Tennessee, United States

Category Company
Founded 2000
Sector Life Science
DESCRIPTION

Crown Laboratories is a specialty pharmaceutical company that produces medical products such as Blue Lizard Australian Sunscreen and medical products AlaQuin, AlaScalp, and Daxbia. Crown Laboratories currently operates three distinct areas of focus related to skincare and treating skin-related conditions: Consumer Healthcare Products, Prescription Products, and Contract Development and Manufacturing Services. Crown Laboratories was founded in 2000 and is based in Johnson City, Tennessee.


DEAL STATS #
Overall 3 of 8
Sector: Life Science M&A 1 of 4
Type: Divestiture M&A Deals 1 of 3
Country: United Kingdom M&A 1 of 2
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Crown Aesthetics

Dallas, Texas, United States

Crown Aesthetics is a medical aesthetics treatments company dedicated to delivering innovative repair and restoration products to aesthetic practices around the world. Bellus’s non-invasive products give it a unique position in aesthetics, providing a range of products that draw first-time consumers to leading physician-directed practices globally. Most notable among its products is the SkinPen – a medical-grade micro-needling device used exclusively by healthcare professionals to improve the appearance of facial acne scars – the first micro-needling device in the industry to be granted clearance and marketing authorization by the U.S. Food and Drug Administration (FDA) for this indication. Crown Aesthetics was founded in 2012 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 GlaxoSmithKline - Keri

Brentford, United Kingdom

GlaxoSmithKline plc - Keri is a major skin care brand with a rich heritage. Keri has a long and successful history in the market, supported by dermatologists and healthcare practitioners across the world.

Buy -

Seller(S) 1

SELLER

GSK

Brentford, United Kingdom

Category Company
Founded 1715
Sector Life Science
Employees68,629
Revenue 31.4B GBP (2024)
DESCRIPTION
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.
Entrance to a GlaxoSmithKline facility in Morristown, New Jersey.

GSK is a multinational pharmaceutical, biologics, vaccines and consumer healthcare company. GSK was founded in 1715 and is based in Brentford, United Kingdom.


DEAL STATS #
Overall 17 of 24
Sector: Life Science M&A 12 of 17
Type: Divestiture M&A Deals 16 of 23
Country: United Kingdom M&A 8 of 13
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 GlaxoSmithKline - Raxibacumab

Brentford, United Kingdom

GlaxoSmithKline plc - Raxibacumab is an indicated for the treatment of adult and pediatric patients with inhalational anthrax in combination with appropriate antibacterial drugs and for prophylaxis of inhalational anthrax when alternative therapies are not available or not appropriate.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Tesaro

Waltham, Massachusetts, United States

Tesaro, Inc. is an oncology-focused biopharmaceutical company dedicated to improving the lives of patients with cancer. Tesaro develops and will commercialize safer and more effective supportive care agents and therapeutics. Tesaro, Inc. was founded in 2010 and is based in Waltham, Massachusetts.

Buy $5.1B