M&A Deal Summary

Partners Group and CVC Capital Partners Acquire Pharmathen

On July 19, 2021, asset manager Partners Group and private equity firm CVC Capital Partners acquired life science company Pharmathen from BC Partners for 1.6B EUR

Acquisition Highlights
  • This is Partners Group’s 3rd and CVC Capital Partners’ 9th transaction in the Life Science sector.
  • This is Partners Group’s 4th and CVC Capital Partners’ 14th largest (disclosed) transaction.
  • This is Partners Group’s 4th and CVC Capital Partners’ 21st transaction in the Netherlands.

M&A Deal Summary

Date 2021-07-19
Target Pharmathen
Sector Life Science
Buyer(s) Partners Group
CVC Capital Partners
Sellers(s) BC Partners
Deal Type Secondary Buyout
Deal Value 1.6B EUR

Target

Pharmathen

Amstelveen, Netherlands
Pharmathen is a European pharmaceutical company that focuses on developing, manufacturing, and out-licensing complex generic pharmaceutical products. Pharmathen's differentiated B2B model attracts a blue-chip customer base of more than 215 generic pharmaceutical companies, which it serves from two US/EU-approved manufacturing facilities in Greece. Pharmathen was founded in 1969 and is based in Amstelveen, Netherlands.

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Buyer(S) 2

Buyer

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 81 of 97
Sector: Life Science M&A 3 of 4
Type: Secondary Buyout M&A Deals 41 of 53
Country: Netherlands M&A 4 of 4
Year: 2021 M&A 11 of 15
Size (of disclosed) 4 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 EOLO

Busto Arsizio, Italy

EOLO is a national telecommunications operator, leader in the field of ultra-broadband for the residential and business market. EOLO owns and operates more than 3,400 Base Transceiver Stations, which transmit fixed wireless internet between its network and end-users, and 13,000 kilometers of fiber backhaul, covering roughly 80% of Italian households. EOLO was founded in 1999 and is based in Busto Arsizio, Italy.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 PremiStar

Glenview, Illinois, United States

PremiStar is a provider of commercial HVAC services, mechanical services, and energy solutions primarily serving commercial, industrial, and municipal buildings in the Midwest. PremiStar was founded in 1930 and is based in Glenview, Illinois.

Buy -
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 284 of 328
Sector: Life Science M&A 9 of 9
Type: Secondary Buyout M&A Deals 66 of 78
Country: Netherlands M&A 21 of 22
Year: 2021 M&A 20 of 35
Size (of disclosed) 14 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 AOC Trusted Solutions

Collierville, Tennessee, United States

AOC Trusted Solutions is a global CASE & Colorants company focused on producing and formulating unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings & protective barriers, colorants & visual effects, adhesives, and conventional composite resins. It serves customers globally with specialty products for the automotive, marine, corrosion, construction, and infrastructure segments. AOC Trusted Solutions was founded in 1960 and is based in Collierville, Tennessee.

Sell $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Panzani

Lyon, France

Panzani is involved in making dry pasta, semolina, couscous, and sauces under the Lustucru and Taureau Ailé brands. Panzani was formed in 1940 and is based in Lyon, France.

Buy €550M

Seller(S) 1

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 53 of 61
Sector: Life Science M&A 1 of 2
Type: Secondary Buyout M&A Deals 16 of 20
Country: Netherlands M&A 5 of 5
Year: 2021 M&A 2 of 4
Size (of disclosed) 4 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Cyxtera

Coral Gables, Florida, United States

Cyxtera engages in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera was founded in 2017 and is based in Coral Gables, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 CeramTec Group

Plochingen, Germany

CeramTec Group is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec Group was founded in 1903 and is based in Plochingen, Germany.

Sell -