M&A Deal Summary

Recordati Acquires Lundbeck - Portfolio Of Products

On January 21, 2013, Recordati acquired medical products company Lundbeck - Portfolio Of Products from H. Lundbeck for 100M USD

Acquisition Highlights
  • This is Recordati’s 4th transaction in the Medical Products sector.
  • This is Recordati’s 6th largest (disclosed) transaction.
  • This is Recordati’s 1st transaction in the United States.

M&A Deal Summary

Date 2013-01-21
Target Lundbeck - Portfolio Of Products
Sector Medical Products
Buyer(s) Recordati
Sellers(s) H. Lundbeck
Deal Type Divestiture
Deal Value 100M USD

Target

Lundbeck - Portfolio Of Products

United States
Lundbeck - Portfolio Of Products include Panhematin (haemin for injection) for the amelioration of recurrent attacks of acute intermittent porphyria. Other important drugs are NeoProfen (ibuprofen lysine injection) and Indocin I.V. (indomethacin injection), indicated to close a clinically significant patent ductus arteriosus (PDA) in premature infants, and Cosmegen® (dactinomycin for injection) used mainly in the treatment of three rare cancers.

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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 11 of 17
Sector (Medical Products) 4 of 5
Type (Divestiture) 2 of 2
Country (United States) 1 of 1
Year (2013) 1 of 4
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 Farma-Projekt Sp. z o.o.

Krakow, Poland

Farma-Projekt Sp. z o.o. is a Polish pharmaceutical company market since 2003 and markets drugs belonging to a variety of therapeutic areas, mainly cardiovascular and urological treatments as well as dietary supplements.

Buy zł71M
FOLLOWING 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

Seller(S) 1

SELLER

H. Lundbeck

Valby, Denmark

Category Company
Founded 1915
Sector Healthcare Services
Employees5,681
Revenue 19.9B DKK (2023)
DESCRIPTION

H. Lundbeck A/S is an international pharmaceutical company engaged inthe research and development, production, marketing and sale of pharmaceuticals for the treatment of psychiatric and neurological disorders. H. Lundbeck was founded in 1915 and is based in Valby, Denmark.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-19 Ovation Pharmaceuticals

Deerfield, Illinois, United States

Ovation Pharmaceuticals is a specialty pharmaceutical company focused on acquiring underpromoted branded pharmaceutical products and promising late-stage development products. Ovation increases the sales of its acquired products through the implementation of active selling efforts, creative marketing programs, and through product life cycle activities that are focused on developing new formulations, new indications, and other product improvements. Ovation is led by CEO Jeff Aronin and Executive Chairman Bill Gantz.

Buy $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 Chelsea Therapeutics International

Charlotte, North Carolina, United States

Chelsea Therapeutics International, Ltd., a development stage pharmaceutical company, focuses on the acquisition, development, and commercialization of pharmaceutical products for the treatment of various human diseases.

Buy $658M