M&A Deal Summary

Procaps Group Acquires SOMAR

On May 17, 2022, Procaps Group acquired life science company SOMAR from Advent International

Acquisition Highlights
  • This is Procaps Group’s 1st transaction in the Life Science sector.
  • This is Procaps Group’s 1st transaction in Mexico.

M&A Deal Summary

Date 2022-05-17
Target SOMAR
Sector Life Science
Buyer(s) Procaps Group
Sellers(s) Advent International
Deal Type Add-on Acquisition

Target

SOMAR

Benito Juarez , Mexico
SOMAR is a pharmaceutical company focused on the development, manufacture, and marketing of high-quality generic and branded generic products in Mexico. SOMAR focuses on a number of key primary care market segments including dermatology medications. SOMAR is based in Benito Juarez, Mexico.

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Buyer(S) 1

Buyer

Procaps Group

Luxembourg, Luxembourg

Category Company
Sector Life Science
Employees5,500
Revenue 410M USD (2022)
DESCRIPTION

Procaps Group develops pharmaceutical and nutraceutical solutions, medicines, and hospital supplies that reach more than 50 countries on all five continents. Procaps Group is based in Luxembourg City.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Mexico) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 209 of 222
Sector (Life Science) 12 of 12
Type (Add-on Acquisition) 77 of 82
Country (Mexico) 5 of 5
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 GHL Hotels

Bogota, Colombia

GHL Hotels offers solutions for accommodation, events, restaurants, and entertainment in each of the 62 properties they manage. GHL Hotels has more than 56 years of experience operating world-renowned brands such as Sheraton, Four Points by Sheraton, Sonesta, Hyatt, and Radisson. GHL Hotels is based in Bogota, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 DSM Engineering Materials

Heerlen, Netherlands

DSM Engineering Materials provides high-performance and increasingly sustainable thermoplastics used in automotive, electrical & electronics, building & construction, medical, food packaging, and consumer goods (to name but a few). Its materials enable lighter, stronger, and more durable products - which in turn makes people’s lives safer, more convenient, and healthier – and all while helping to tackle carbon emissions.

Buy €3.7B