M&A Deal Summary

Karo Healthcare Acquires Trimb Healthcare AB

On June 24, 2019, Karo Healthcare acquired life science company Trimb Healthcare AB from Avista Healthcare Partners for 3.4B SEK

Acquisition Highlights
  • This is Karo Healthcare’s 3rd transaction in the Life Science sector.
  • This is Karo Healthcare’s largest (disclosed) transaction.
  • This is Karo Healthcare’s 4th transaction in Sweden.

M&A Deal Summary
Date 2019-06-24
Target Trimb Healthcare AB
Sector Life Science
Buyer(s) Karo Healthcare
Sellers(s) Avista Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 3.4B SEK

Target

Trimb Healthcare AB

Stockholm, Sweden
Trimb Healthcare AB is a pharmaceutical company focuses on sales, marketing, and development of prescription free (OTC) pharmaceuticals and consumer healthcare products. Trimb owns licenses to, markets and sells a large number of over-the-counter pharmaceuticals and consumer healthcare products. Trimb has a portfolio of leading brands focused on skin care, foot care, oral care, and intimate health categories.

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Buyer(S) 1

Buyer

Karo Healthcare

Stockholm , Sweden
Category Company
Founded 1987
Sector Life Science
Employees225
Revenue 3.0B SEK (2021)
DESCRIPTION

Karo Healthcare is a specialty pharmaceutical company in the Nordics. The company develops and markets products for pharmacies and directly to the healthcare sector. The product portfolio includes over-the-counter and prescription pharmaceuticals as well as medical devices. Karo Healthcare was incorporated in 1987 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 4 of 5
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 3 of 4
Country (Sweden) 4 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Biophausia AB

Stockholm, Sweden

Biophausia AB is a pharmaceutical company. Biophausia provides cost-effective pharmaceuticals and focuses on three fields: generic products, niche products and original drugs.

Buy kr908M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Sylphar

Deurle, Belgium

Sylphar is a fast-growing OTC company with a portfolio of brands in the oral beauty, oral therapy and medicated skincare market segments. Sylphar was founded 2007 and is based in Deurle, Belgium.

Buy -

Seller(S) 1

SELLER

Avista Healthcare Partners

New York, New York, United States
Category Private Equity Firm
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.

DEAL STATS #
Overall 27 of 30
Sector (Life Science) 5 of 7
Type (Add-on Acquisition) 13 of 15
Country (Sweden) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Organogenesis

Canton, Massachusetts, United States

Organogenesis is a provider of regenerative medicine, offering a portfolio of bioactive and acellular biomaterials products for advanced wound care, orthopedics and spine. Organogenesis was established in 1985 and is headquartered in Canton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 GCM Holding

Union, California, United States

GCM Holding is a manufacturer of low-to-medium volume, mission-critical precision machined components and assemblies. Based near Chicago’s O’Hare airport, the Company serves large, market customers in the energy, medical equipment, scientific laboratory, and industrial end markets. GCM Holding was founded in 1978 and is based in Union, California.

Buy -
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