M&A Deal Summary

Mallinckrodt Acquires Therakos

On August 10, 2015, Mallinckrodt acquired medical products company Therakos from The Gores Group for 1.3B USD

Acquisition Highlights
  • This is Mallinckrodt’s 3rd transaction in the Medical Products sector.
  • This is Mallinckrodt’s 3rd largest (disclosed) transaction.
  • This is Mallinckrodt’s 6th transaction in the United States.
  • This is Mallinckrodt’s 1st transaction in Pennsylvania.
Investment Fate
  • Therakos was divested to a consortium of buyers in 2024 for 925M USD.

M&A Deal Summary

Date 2015-08-10
Target Therakos
Sector Medical Products
Buyer(s) Mallinckrodt
Sellers(s) The Gores Group
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Therakos

West Chester, Pennsylvania, United States
Therakos is a fully integrated extracorporeal photopheresis (ECP) delivery system for autologous immunomodulatory therapy. Therakos is based in West Chester, Pennsylvania.

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Buyer(S) 1

Buyer

Mallinckrodt

Dublin, United Kingdom

Category Company
Founded 1867
Sector Life Science
Employees2,673
Revenue 2.2B USD (2021)
DESCRIPTION

Mallinckrodt is a specialty pharmaceutical and medical imaging business that develops, manufactures, markets and distributes specialty pharmaceutical products and medical imaging agents. The company’s core strengths include the acquisition and management of highly regulated raw materials; deep regulatory expertise; and specialized chemistry, formulation and manufacturing capabilities. Mallinckrodt was founded in 1867 and is based in Dublin, Ireland.


DEAL STATS #
Overall 6 of 12
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 6 of 10
State (Pennsylvania) 1 of 2
Country (United States) 6 of 11
Year (2015) 2 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Ikaria

Clinton, New Jersey, United States

Ikaria is a critical care therapeutics company. Ikaria is based in Clinton, New Jersey.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-27 Mallinckrodt - Contrast Media And Delivery Systems Imaging Business

United States

Mallinckrodt's CMDS business manufactures and markets a comprehensive array of diagnostic imaging products engineered to work across the radiology suite – computed tomography, magnetic resonance imaging, X-ray and cardiac catheterization – as well as the company's urological imaging system and related components.

Sell $270M

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 48 of 66
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 21 of 30
State (Pennsylvania) 2 of 4
Country (United States) 38 of 52
Year (2015) 3 of 5
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Big Strike

Gardena, California, United States

Big Strike, Inc is a designer, manufacturer and wholesaler of casual and career junior lifestyle apparel for women, marketed under the Heart Soul, Soulmates, Free to Love, Halo, Tracy Evans, Star City, and First Option brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 J. Mendel

New York, New York, United States

J. Mendel has evolved from legendary fifth-generation French fur house to global luxury fashion brand with its use of fur as fabric and its creation of an impeccable ready-to-wear collection. A favorite on the red carpet, J. Mendel’s feminine sophistication serves as a hallmark of the brand. J. Mendel is sold in top tier specialty stores around the globe and operates 8 freestanding retail stores worldwide.

Sell $30M