M&A Deal Summary

Recordati Acquires Laboratorios Casen Fleet S.L.U.

On September 9, 2013, Recordati acquired life science company Laboratorios Casen Fleet S.L.U. for 93M EUR

Acquisition Highlights
  • This is Recordati’s 8th transaction in the Life Science sector.
  • This is Recordati’s 3rd largest (disclosed) transaction.
  • This is Recordati’s 2nd transaction in Spain.

M&A Deal Summary

Date 2013-09-09
Target Laboratorios Casen Fleet S.L.U.
Sector Life Science
Buyer(s) Recordati
Deal Type Add-on Acquisition
Deal Value 93M EUR

Target

Laboratorios Casen Fleet S.L.U.

Pozuelo de Alarcón, Spain
Laboratorios Casen Fleet S.L.U. is a Spanish pharmaceutical company with headquarters in Madrid and production facilities in Utebo, Zaragoza. Casen Fleet primarily markets internally developed drugs principally in the gastroenterological therapeutic area in Spain and Portugal through its own organisation and in other countries through partners.

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Buyer(S) 1

Buyer

Recordati

Milan, Italy

Category Company
Founded 1926
Sector Medical Products
Employees4,450
Revenue 2.3B EUR (2024)
DESCRIPTION

Recordati is an international pharmaceutical group dedicated to the research, development, manufacturing and marketing of pharmaceuticals. Headquartered in Milan, Italy, Recordati has operations in the main European countries, in Russia, other Central and Eastern European countries, Turkey, North Africa, the United States of America, Canada, Mexico and in some South American countries. An efficient field force of medical representatives promotes a wide range of innovative pharmaceuticals, both proprietary and under license, in a number of therapeutic areas including a specialized business dedicated to treatments for rare diseases. Recordati was founded in 1926 and is based in Milan, Italy.


DEAL STATS #
Overall 13 of 17
Sector: Life Science M&A 8 of 10
Type: Add-on Acquisition M&A Deals 11 of 15
Country: Spain M&A 2 of 2
Year: 2013 M&A 3 of 4
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-09 Laboratorios Casen Fleet S.L.U.

Pozuelo de Alarcón, Spain

Laboratorios Casen Fleet, S.L.U. is a Spanish pharmaceutical company.

Buy €93M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Opalia Pharma S.A.

Tunisia

Opalia Pharma is a pharmaceutical company manufacturing generics under the brand name of Opalia. Its sales mainly cover the Tunisian market, with exports to Francophone Sub-Saharan Africa, North Africa and the Middle East. Opalia has a portfolio of around 130 products and holds approximately 120 drug registrations for the Tunisian market.

Buy -