M&A Deal Summary

ICE Group Acquires New Zealand Pharmaceuticals

On August 17, 2020, ICE Group acquired medical products company New Zealand Pharmaceuticals from Archer Capital

Acquisition Highlights
  • This is ICE Group’s 1st transaction in the Medical Products sector.
  • This is ICE Group’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2020-08-17
Target New Zealand Pharmaceuticals
Sector Medical Products
Buyer(s) ICE Group
Sellers(s) Archer Capital
Deal Type Add-on Acquisition

Target

New Zealand Pharmaceuticals

Palmerston North, New Zealand
New Zealand Pharmaceuticals Ltd. is a developer and manufacturer of biopharmaceutical products including high purity bile acids, specialized blood group products, complex carbohydrates, and other pharmaceutical intermediates. New Zealand Pharmaceuticals Ltd. was founded in 1971 and is based in Palmerston North, New Zealand.

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Buyer(S) 1

Buyer

ICE Group

Reggio Emilia, Italy

Category Company
Founded 1949
Sector Life Science
DESCRIPTION

ICE Group is a manufacturer of Ursodeoxycholic Acid (UDCA), an active pharmaceutical ingredient (API), sourced from bile, primarily used in drugs treating liver diseases and gallstones. ICE Group was founded in 1949 and is based in Reggio Emilia, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Archer Capital

Dawes Point, Australia

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


DEAL STATS #
Overall 27 of 29
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 14 of 16
Country (New Zealand) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Craveable Brands

Chatswood, Australia

Craveable Brands is the largest Australian-owned operator of quick-service restaurants with over 580 stores across Australia under the Oporto, Red Rooster and Chicken Treat brands. It also has a growing international network, with stores in New Zealand, Singapore, and Sri Lanka and soon to open in Vietnam and a number of countries in the Middle East.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Allity

Crows Nest, Australia

Allity is a provider of care services to residents through its 31 facilities located across New South Wales, Victoria, Queensland and South Australia. Allity was founded in 2013 and is based in Crows Nest, Australia.

Sell -