M&A Deal Summary

Shionogi Acquires C&O Pharmaceutical Technology Holdings

On August 1, 2011, Shionogi acquired healthcare services company C&O Pharmaceutical Technology Holdings from CMIA Capital Partners Pte and Zana Capital Pte for 185M USD

Acquisition Highlights
  • This is Shionogi’s 1st transaction in the Healthcare Services sector.
  • This is Shionogi’s 2nd largest (disclosed) transaction.
  • This is Shionogi’s 2nd transaction in China.

M&A Deal Summary

Date 2011-08-01
Target C&O Pharmaceutical Technology Holdings
Sector Healthcare Services
Buyer(s) Shionogi
Sellers(s) CMIA Capital Partners Pte
Zana Capital Pte
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

C&O Pharmaceutical Technology Holdings

Tsim Sha Tsui, China
C&O is an integrated pharmaceutical group in China. Its activities span research & development, manufacturing, and marketing and distribution of C&O and third party brand products.

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Buyer(S) 1

Buyer

Shionogi

Osaka, Japan

Category Company
Founded 1878
Sector Life Science
Employees4,955
Revenue 438.3B JPY (2025)
DESCRIPTION

Shionogi is a pharmaceutical company that researches, develops, manufactures, and distributes pharmaceuticals, diagnostic reagents, and medical devices. Shionogi was founded in 1878 and is based in Osaka, Japan.


DEAL STATS #
Overall 2 of 3
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: China M&A 2 of 2
Year: 2011 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 C & O Pharmaceutical Technology

Tsim Sha Tsui, China

A fully integrated pharmaceutical company with strong R&D, manufacturing and distribution businesses. The Company is involved in the development, manufacture and marketing of C&O branded drugs as well as in the distribution of third-party pharmaceutical products throughout China.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 Tetra Therapeutics

Grand Rapids, Michigan, United States

Tetra Therapeutics is a clinical-stage biotechnology company developing a portfolio of therapeutic products that will bring clarity of thought to people suffering from Fragile X syndrome, Alzheimer's disease, traumatic brain injury, and other brain disorders. Tetra Therapeutics is based in Grand Rapids, Michigan.

Buy -

Seller(S) 2

SELLER

CMIA Capital Partners Pte

Singapore, Singapore

Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CMIA Capital Partners is a private equity firm focused on investing in mid-sized businesses located in China and Southeast Asia. Sectors of interest include agribusiness, automotive, environmental engineering, healthcare & medical equipment, industrial materials, real estate, and consumer products. CMIA Capital was formed in 2003 and has offices in Singapore and Hong Kong and China.


DEAL STATS #
Overall 3 of 4
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 2 of 3
Year: 2011 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Yingli International

Singapore, Singapore

Yingli International is a commercial real estate company. Yingli has developed and owns Grade A commercial buildings in Chongqing's financial district, it also has been successful in old city regeneration or reconstruction, which is a key competitive advantage given Chongqing's ancient heritage. Yingli International was founded in 1991 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Haikui Seafood AG

Fujian, China

Haikui Seafood AG is a seafood company. Haikui's principal processed seafood products include frozen seafood (e.g., fish, shrimp, and crab), chilled seafood (e.g., crab meat, crab cakes, and breaded oysters), fresh seafood and canned seafood. Haikui Seafood was founded in 1993 and is based in Fujian, China.

Sell -
DESCRIPTION

Zana Capital is a China-focused private equity firm that targets growth equity investments in mid-sized businesses valued from $100 to $500 million (US). Zana generally looks to invest in companies with 'favorable macroeconomic fundamentals for that region, industry or sector', 'favorable governmental policies', strong management, stable cost structures, and sustainable pricing. Broad sectors of interest include pharmaceuticals, logistics, manufacturing, consumer, mining, and environmental engineering. Zana has offices in Shanghai, Chongqing and Singapore.


DEAL STATS #
Overall 3 of 4
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 2
Year: 2011 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Yingli International

Singapore, Singapore

Yingli International is a commercial real estate company. Yingli has developed and owns Grade A commercial buildings in Chongqing's financial district, it also has been successful in old city regeneration or reconstruction, which is a key competitive advantage given Chongqing's ancient heritage. Yingli International was founded in 1991 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Haikui Seafood AG

Fujian, China

Haikui Seafood AG is a seafood company. Haikui's principal processed seafood products include frozen seafood (e.g., fish, shrimp, and crab), chilled seafood (e.g., crab meat, crab cakes, and breaded oysters), fresh seafood and canned seafood. Haikui Seafood was founded in 1993 and is based in Fujian, China.

Sell -