M&A Deal Summary

Horizon Therapeutics Acquires Crealta Pharmaceuticals

On December 11, 2015, Horizon Therapeutics acquired life science company Crealta Pharmaceuticals from GTCR for 510M USD

Acquisition Highlights
  • This is Horizon Therapeutics’ 5th transaction in the Life Science sector.
  • This is Horizon Therapeutics’ 5th largest (disclosed) transaction.
  • This is Horizon Therapeutics’ 5th transaction in the United States.
  • This is Horizon Therapeutics’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2015-12-11
Target Crealta Pharmaceuticals
Sector Life Science
Buyer(s) Horizon Therapeutics
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 510M USD

Target

Crealta Pharmaceuticals

Glendale, Wisconsin, United States
Crealta is a specialty pharmaceutical company focused on innovative therapeutics designed to improve patient outcomes. The company, which has two marketed medicines KRYSTEXXA and MIGERGOT, was formed to acquire, develop and market specialty medicines with a focus on select physician specialties.

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Buyer(S) 1

Buyer

Horizon Therapeutics

Dublin, Ireland

Category Company
Founded 2005
Sector Life Science
Employees2,100
Revenue 3.2B USD (2021)
DESCRIPTION

Horizon Therapeutics is a biopharmaceutical company focused on improving patients’ lives by identifying, developing, acquiring and commercializing differentiated and accessible medicines that address unmet medical needs. The Company markets seven medicines through its orphan, primary care and specialty business units. Horizon Therapeutics was founded in 2005 and is based in Dublin, Ireland.


DEAL STATS #
Overall 5 of 11
Sector (Life Science) 5 of 11
Type (Add-on Acquisition) 3 of 7
State (Wisconsin) 1 of 1
Country (United States) 5 of 9
Year (2015) 2 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-03 Hyperion Therapeutics

Brisbane, California, United States

Hyperion Therapeutics, Inc. is a commercial-stage biopharmaceutical company committed to developing and delivering life-changing treatments for orphan diseases.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Boehringer Ingelheim - Interferon Gamma-1b

Germany

Boehringer Ingelheim - Interferon Gamma-1b comprises rights to manufacture the pharmaceutical Interferon Gamma-1b, which Boehringer Ingelheim commercializes under the trade names IMUKIN, IMUKINE, IMMUKIN and IMMUKINE in an estimated 30 countries primarily in Europe and the Middle East.

Buy €25M

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 56 of 85
Sector (Life Science) 4 of 5
Type (Add-on Acquisition) 30 of 41
State (Wisconsin) 2 of 2
Country (United States) 54 of 82
Year (2015) 9 of 9
Size (of disclosed) 25 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Park Place Technologies

Cleveland, Ohio, United States

Park Place Technologies is a third-party maintenance (TPM) provider that offers organizations an alternative to post-warranty storage, server and networking hardware maintenance and support in the data center. Park Place Technologies supports EMC, Dell, IBM, Cisco, Hitachi, NetApp, HP, Sun/Oracle and other data center hardware equipment in over 70 countries. Park Place Technologies was founded in 1991 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Onvoy Voice Services

Minneapolis, Minnesota, United States

Onvoy Voice Services is a provider of telecommunications solutions to wireless carriers and Voice over Internet Protocol service providers.

Buy -