M&A Deal Summary

Medicis Pharmaceutical Acquires Ascent Pediatrics

On October 1, 2001, Medicis Pharmaceutical acquired life science company Ascent Pediatrics from Jefferies Capital Partners for 60M USD

Acquisition Highlights
  • This is Medicis Pharmaceutical’s 1st transaction in the Life Science sector.
  • This is Medicis Pharmaceutical’s 3rd largest (disclosed) transaction.
  • This is Medicis Pharmaceutical’s 1st transaction in the United States.
  • This is Medicis Pharmaceutical’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2001-10-01
Target Ascent Pediatrics
Sector Life Science
Buyer(s) Medicis Pharmaceutical
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Ascent Pediatrics

Wilmington, Massachusetts, United States
Ascent Pediatrics, Inc. - developed and marketed pharmaceutical products exclusively for the pediatric market, tailoring existing drug compounds to meet the specific needs of the pediatric market, which include improving both taste and delivery methodology.

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Buyer(S) 1

Buyer

Medicis Pharmaceutical

Scottsdale, Arizona, United States
Category Company
Founded 1987
Sector Life Science
Employees646
DESCRIPTION

Medicis Pharmaceutical Corporation is a pharmaceutical company in the United States focusing primarily on the treatment of dermatological and aesthetic conditions.

DEAL STATS #
Overall 1 of 3
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2001) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 LipoSonix

California, United States

LipoSonix is developing technology for noninvasive cosmetic surgery applications. LipoSonix was acquired by Medicis Pharmaceutical.

Buy $150M

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.

DEAL STATS #
Overall 4 of 28
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 3 of 17
State (Massachusetts) 2 of 4
Country (United States) 4 of 27
Year (2001) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-09 Mulberry Child Care Centers

Dedham, Massachusetts, United States

Mulberry Child Care Centers, Inc. - provided high quality child care and after school services in the New England, Mid-Atlantic and Southern California regions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Au Bon Pain

Boston, Massachusetts, United States

Au Bon Pain is a bakery cafe operator with company-owned and franchised stores operating globally. The Company's menu includes freshly baked goods, made-to-order sandwiches, soups, and cafe beverages. Au Bon Pain was founded in 1978 and is based in Boston, Massachusetts.

Sell -
Mergr

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