M&A Deal Summary

Recordati Acquires Yeni Ilaç ve Hammaddeleri A.S.

On October 29, 2008, Recordati acquired life science company Yeni Ilaç ve Hammaddeleri A.S. for 48M EUR

Acquisition Highlights
  • This is Recordati’s 4th transaction in the Life Science sector.
  • This is Recordati’s 7th largest (disclosed) transaction.
  • This is Recordati’s 1st transaction in Turkey.

M&A Deal Summary
Date 2008-10-29
Target Yeni Ilaç ve Hammaddeleri A.S.
Sector Life Science
Buyer(s) Recordati
Deal Type Add-on Acquisition
Deal Value 48M EUR

Target

Yeni Ilaç ve Hammaddeleri A.S.

Istanbul, Turkey
Yeni Ilaç ve Hammaddeleri A.S. is a Turkish pharmaceutical company with headquarters near Istanbul. Yeni Ilaç is a well known Turkish pharmaceutical company dedicated to the production, marketing and sales of both proprietary and licensed drugs. Its products are well known and the company has a leading market position in the area of urology. The company is also engaged in contract manufacturing for other pharmaceutical companies.

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Buyer(S) 1

Buyer

Recordati

Milan, Italy
Category Company
Founded 1926
Sector Medical Products
Employees4,455
Revenue 2.1B EUR (2023)
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 6 of 17
Sector (Life Science) 4 of 10
Type (Add-on Acquisition) 5 of 15
Country (Turkey) 1 of 2
Year (2008) 2 of 2
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-07 FIC Médical SARL

Puteaux, France

FIC Médical SARL company specializes in gynecology, hormonal treatments, ENT, gastroenterology, dermatology, and para-pharmacy.

Buy €12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-19 HERBACOS RECORDATI s.r.o.

Pardubice, Czech Republic

HERBACOS RECORDATI, s.r.o. is a pharmaceutical company produces over-the-counter (non-prescription) generic pharmaceuticals in the Czech Republic.

Buy €19M
Mergr

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