Add-on Acquisition • Life Science

King Pharmaceuticals Acquires Alpharma Pharmaceuticals

On December 29, 2008, King Pharmaceuticals acquired life science company Alpharma Pharmaceuticals for 16.0B USD

Acquisition Context
  • This is King Pharmaceuticals’ 2nd transaction in the Life Science sector.
  • This is King Pharmaceuticals’ largest (disclosed) transaction.
  • This is King Pharmaceuticals’ 2nd transaction in the United States.
  • This is King Pharmaceuticals’ 2nd transaction in New Jersey.

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M&A Deal Summary

Date December 29, 2008
Target Alpharma Pharmaceuticals
Sector Life Science
Buyer(s) King Pharmaceuticals
Deal Type Add-on Acquisition
Deal Value 16.0B USD
Advisor(s) BofA Securities (Financial)

Target Company

Alpharma Pharmaceuticals

Piscataway, New Jersey, United States
Alpharma Pharmaceuticals Inc. engages in the manufacturing of pharmaceutical products.
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Buyer Overview 1

Buyer

King Pharmaceuticals

Bristol, Tennessee, United States

Category Company
Founded 1993
Sector Life Science
Employees2,600
Revenue 1.7B USD (2009)
DESCRIPTION

King Pharmaceuticals LLC is a vertically integrated branded pharmaceutical company. King seeks to capitalize on opportunities in the pharmaceutical industry through the development, including through in-licensing arrangements and acquisitions, of novel branded prescription pharmaceutical products and technologies that complement the Company's focus in specialty-driven markets, particularly neuroscience and hospital. King's wholly owned subsidiary, Alpharma, LLC, is also a leader in the development, registration, manufacture and marketing of pharmaceutical products for food producing animals.


Deal Context for Buyer #
Overall 2 of 2
Sector: Life Science 2 of 2
Type: Add-on Acquisition 2 of 2
State: New Jersey 2 of 2
Country: United States 2 of 2
Year: 2008 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-21 Alpharma

Piscataway, New Jersey, United States

Alpharma Inc. is a global specialty pharmaceutical compan. Alpharma is also internationally recognized as a leading provider of pharmaceutical products for poultry and livestock.

Buy $1.6B