M&A Deal Summary

Recordati Acquires HERBACOS RECORDATI s.r.o.

On January 19, 2009, Recordati acquired medical products company HERBACOS RECORDATI s.r.o. from Benson Oak for 19M EUR

Acquisition Highlights
  • This is Recordati’s 3rd transaction in the Medical Products sector.
  • This is Recordati’s 10th largest (disclosed) transaction.
  • This is Recordati’s 2nd transaction in Czech Republic.

M&A Deal Summary

Date 2009-01-19
Target HERBACOS RECORDATI s.r.o.
Sector Medical Products
Buyer(s) Recordati
Sellers(s) Benson Oak
Deal Type Add-on Acquisition
Deal Value 19M EUR

Target

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.

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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 8 of 17
Sector (Medical Products) 3 of 5
Type (Add-on Acquisition) 7 of 15
Country (Czech Republic) 2 of 2
Year (2009) 2 of 2
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-19 Herbacos-Bofarma Sro

Pardubice, Czech Republic

Herbacos-Bofarma Sro is a Czech pharmaceutical company with headquarters in Pardubice. Herbacos-Bofarma is a well known pharmaceutical company operating in the Czech and Slovak markets with a significant portfolio of medicines in various therapeutic classes comprised mainly of analgesic, anti-inflammatory and dermatological products.

Buy €19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Dr. F. Frik Ilac A.S.

Istanbul, Turkey

Dr. F. Frik Ilac A.S. is a Turkish pharmaceutical company with headquarters in Istanbul. Company is one of the fastest growing pharmaceutical companies in Turkey. The company has a core portfolio of original prescription products both in primary care and specialist areas

Buy $130M

Seller(S) 1

SELLER

Benson Oak

Prague, Czech Republic

Investor Investor


Category Growth Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Benson Oak Capital is an independent private equity firm focused on investing in 'leading' small to medium-size enterprises in the Czech Republic and Slovakia. The Firm looks to invest €5 to €30 million to support buyout and control growth equity transactions. Benson Oak was formed in 1991 and is based in Prague.


DEAL STATS #
Overall 2 of 6
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (Czech Republic) 1 of 4
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-27 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Plastkov Group

Hlinsko, Czech Republic

Plastkov Group is a manufacturer of Tier 2/Tier 1 plastic injection molding automotive components in the Czech Republic and Slovakia.

Sell -