M&A Deal Summary

Schering Berlin Acquires Diatide

On October 22, 1999, Schering Berlin acquired life science company Diatide from Alta Partners

Acquisition Highlights
  • This is Schering Berlin’s 1st transaction in the Life Science sector.
  • This is Schering Berlin’s 1st transaction in the United States.
  • This is Schering Berlin’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 1999-10-22
Target Diatide
Sector Life Science
Buyer(s) Schering Berlin
Sellers(s) Alta Partners
Deal Type Add-on Acquisition

Target

Diatide

Londonderry, New Hampshire, United States
Diatide, Inc. was founded as a private radiodiagnostic company and in 1999 became Diatide Research Laboratories, a division of Berlex Laboratories focused on developing and making specialized medicines. Diatide was a pioneer in the imaging marketplace, specializing in peptide engineering, molecular biology and radiolabeling chemistry to develop disease-specific diagnostic and therapeutic agents.

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Buyer(S) 1

Buyer

Schering Berlin

Montville, New Jersey, United States
Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

Schering Berlin, Inc., through its subsidiaries, offers drugs for neoplasms and endrocrine systems. The company also provides pharmaceutical preparations; surgical and medical instruments; and magnetic resonance injection systems and vascular injection systems.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1

Seller(S) 1

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 3 of 84
Sector (Life Science) 1 of 64
Type (Add-on Acquisition) 3 of 45
State (New Hampshire) 1 of 1
Country (United States) 3 of 74
Year (1999) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-08 Fibex Systems

Fremont, California, United States

Fibex Systems is a pioneer in Integrated Access Digital Loop Carrier (IADLC) products, devices that combine traditional voice services with data services using ATM as the underlying architecture. The acquisition helps service providers transition voice/data traffic to cell/packet networks while maintaining traditional phone business using existing circuit infrastructure.

Sell $445M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Blaze Software

Mountain View, California, United States

eBusiness Software. Merged with Brokat Aktiengesellschaft, a German Corporation.

Sell -
Mergr

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