M&A Deal Summary

PAG Acquires RK Pharma

On June 13, 2023, asset manager PAG acquired life science company RK Pharma from Signet Healthcare Partners

Acquisition Highlights
  • This is PAG’s 5th transaction in the Life Science sector.
  • This is PAG’s 1st transaction in the United States.
  • This is PAG’s 1st transaction in New York.

M&A Deal Summary

Date 2023-06-13
Target RK Pharma
Sector Life Science
Buyer(s) PAG
Sellers(s) Signet Healthcare Partners
Deal Type Secondary Buyout

Target

RK Pharma

Pearl River, New York, United States
RK Pharma is a fully integrated generic pharmaceutical company that develops complex API and injectable finished dosage products. RK Pharma was founded in 2018 and is based in Pearl River, New York.

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Buyer(S) 1

Buyer

PAG

Hong Kong, China

Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.


DEAL STATS #
Overall 24 of 26
Sector: Life Science M&A 5 of 5
Type: Secondary Buyout M&A Deals 4 of 5
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Vesco Foods

Osborne Park, Australia

Vesco Foods is a producer of frozen ready meals with a market position in the private label/contract manufacturing segments primarily servicing the Retail channel. Vesco Foods was founded in 1974 and is based in Osborne Park, Western Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 Australian Venue Co.

Melbourne, Australia

Australian Venue Co. is a food and beverage-led hospitality group that owns and operates more than 210 pubs, bars, and event venues across Australia and New Zealand. Australian Venue Co. is based in Melbourne, Victoria.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Signet Healthcare Partners is a growth capital firm focused on the healthcare sector. Specific areas of interest include specialty pharmaceuticals, pharmaceutical services, medical devices, and diagnostics. Signet will consider opportunities throughout North America and Europe and looks to commit $10 to $50 million per transaction. Signet Healthcare Partners was established in 1998 and is headquartered in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector: Life Science M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Paragonix Technologies

Waltham, Massachusetts, United States

Paragonix Technologies is a developer, manufacturer, and service provider in the organ transplant industry, establishing a novel approach to organ preservation. Paragonix Technologies provides Advanced Organ Preservation (“AOP”) devices that safeguard donor organs during the journey between donor and recipient patients. Paragonix Technologies is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Curida

Elverum, Norway

Curida offers contract development and manufacturing solutions to European pharmaceutical and biotech companies globally. Curida was founded in 2015 and is based in Elverum, Norway.

Buy -