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Add-on Acquisition • Life Science

Medis Acquires Inpha-Medis

On April 24, 2008, Medis acquired life science company Inpha-Medis from Africinvest

Acquisition Context
  • This is Medis’ 1st transaction in the Life Science sector.
  • This is Medis’ 1st transaction in Algeria.

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M&A Deal Summary
Date April 24, 2008
Target Inpha-Medis
Sector Life Science
Buyer(s) Medis
Sellers(s) Africinvest
Deal Type Add-on Acquisition

Target Company

Inpha-Medis

el-Tarf, Algeria
Inpha-Medis is an Algerian pharmaceutical company specialized in the manufacture and marketing of generic drugs. Inpha-Medis produces syrups, antibiotic and non antibiotic tablets and packages sterile forms. The Inpha-Medis plant, which is located in Annaba, 100 Km away from the Tunisian border, started operations in 2005. Currently, the laboratory has two production lines, one for syrup and one for dry forms. The company is expanding its product range thanks to the partnership with Medis, a Tunisian leader in the manufacture of dry and sterile medicines.
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Buyer Overview 1

Buyer

Medis

Tunisia
Category Company
Sector Medical Products
DESCRIPTION

Medis laboratories is a pharmaceutical company producing and marketing high-quality generic products.

Deal Context for Buyer #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Algeria 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

Deal Context for Seller #
Overall 2 of 14
Sector: Life Science 1 of 2
Type: Add-on Acquisition 1 of 5
Country: Algeria 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Sun Ridge

West Dangbe, Ghana

SunRige Company Limited was established in December 2007. Its authourised business is the processing and sale of mineral water. Located in the West Dangbe District in Accra the company is one of the few natural mineral water producers in Ghana. Their product comes in 1.5 litre bottled water, 300ml bottled water, 20 litre bottled water and sachet water. The brand name for the bottled water is Safina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 LaGray Chemical

Chicago, Illinois, United States

Lagray is the first vertically integrated pharmaceutical manufacturing company in West Africa. The company produces both Active Pharmaceutical Ingredients (APIs) and finished dosage forms meaning it can create medicines from start to finish on site.

Buy -

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