M&A Deal Summary

Shenzhen Hepalink Pharmaceutical Group Acquires Cytovance Biologics

On August 24, 2015, Shenzhen Hepalink Pharmaceutical Group acquired life science company Cytovance Biologics from Great Point Partners and Monroe Capital for 206M USD

Acquisition Highlights
  • This is Shenzhen Hepalink Pharmaceutical Group’s 2nd transaction in the Life Science sector.
  • This is Shenzhen Hepalink Pharmaceutical Group’s 2nd largest (disclosed) transaction.
  • This is Shenzhen Hepalink Pharmaceutical Group’s 2nd transaction in the United States.
  • This is Shenzhen Hepalink Pharmaceutical Group’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2015-08-24
Target Cytovance Biologics
Sector Life Science
Buyer(s) Shenzhen Hepalink Pharmaceutical Group
Sellers(s) Great Point Partners
Monroe Capital
Deal Type Add-on Acquisition
Deal Value 206M USD
Advisor(s) Wells Fargo Securities (Financial)

Target

Cytovance Biologics

Oklahoma City, Oklahoma, United States
Cytovance is a contract manufacturing organization of mammalian and microbial biologics. The company works with biotechnology and pharmaceutical companies in the development and manufacturing of proteins, antibodies, and cell-based therapeutic products. Cytovance supports its customers from clinical development to commercial launch in domestic and international markets.

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Buyer(S) 1

Buyer

Shenzhen Hepalink Pharmaceutical Group

Shenzhen, China

Category Company
Founded 1998
Sector Life Science
Employees2,080
Revenue 5.4B CNY (2023)
DESCRIPTION

Shenzhen Hepalink Pharmaceutical Group has been a leading global supplier of high quality active pharmaceutical ingredients (APIs) for nearly four decades. SPL specializes in cGMP biopharmaceutical manufacturing and is one of the largest commercial suppliers of Heparin Sodium USP, Pancreatin USP, and Pancrelipase USP. SPL serves the pharmaceutical, veterinary, and food industries globally, and has a manufacturing facility located in Waunakee, Wisconsin as well as a facility in Sioux City, Iowa. Shenzhen Hepalink Pharmaceutical Group was founded in 1998 and is based in Shenzhen, China.


DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Scientific Protein Laboratories

Waunakee, Wisconsin, United States

Scientific Protein Laboratories LLC is a global independent manufacturer and supplier of biologic active pharmaceutical ingredients (APIs). The company has an established bio pharmaceutical companies around the world.

Buy $338M

Seller(S) 2

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $10 to $100 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 5 of 18
Sector (Life Science) 3 of 7
Type (Add-on Acquisition) 2 of 7
State (Oklahoma) 1 of 1
Country (United States) 4 of 14
Year (2015) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 MaSTherCell SA

Gosselies, Belgium

MaSTherCell SA (Manufacturing Synergies for Therapeutic Cells) is a technology-driven, customer-oriented Contract Development and Manufacturing Organization (CDMO) specialized in cell therapy development for advanced medicinal products. MaSTherCell was established in 2011 and is based in Gosselies, Belgium.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 iVantage

Portland, Maine, United States

iVantage is a provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. This platform is used by hospital management teams to drive empirical and evidence based decision making. These tools are positioned at the center of a large market opportunity due to increased demand for meaningful data driven by new compliance based requirements and operational challenges of the Patient Protection and Affordable Care Act. iVantage was founded in 2011 and is based in Portland, Maine.

Sell -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 10 of 53
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 6 of 27
State (Oklahoma) 1 of 1
Country (United States) 10 of 53
Year (2015) 3 of 5
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 Channel

Minnetonka, Minnesota, United States

Channel is a provider of equipment finance and working capital solutions through partnerships with equipment finance companies. Channel products and services utilize customized technology and business processes to help these companies provide their customers access to broader financing options and capital needed to grow their businesses. Channel was founded in 2009 and is based in Minnetonka, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-23 Autotronic Controls

El Paso, Texas, United States

Autotronic Controls Corp. is a designer, developer and manufacturer of automotive products including ignition controls, fuel injection systems, coils, timing accessories, spark plug wires and accessories.

Sell -