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  5. Stallergenes Greer Acquires Nestlé s Palforzia

M&A Deal Summary

Stallergenes Greer Acquires Nestlé s Palforzia

On September 4, 2023, Stallergenes Greer acquired life science company Nestlé s Palforzia from Nestlé

Acquisition Highlights
  • This is Stallergenes Greer’s 2nd transaction in the Life Science sector.
  • This is Stallergenes Greer’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2023-09-04
Target Nestlé s Palforzia
Sector Life Science
Buyer(s) Stallergenes Greer
Sellers(s) Nestlé
Deal Type Divestiture

Target

Nestlé s Palforzia

Vevey, Switzerland
Nestlé's Palforzia is an oral immunotherapy treatment approved for the mitigation of allergic reactions, including anaphylaxis, which may occur with accidental exposure to peanuts for patients aged 4 to 17 years with a confirmed diagnosis of peanut allergy by the U.S. Food and Drug Administration (FDA), the European Commission (EC), the Medicines and Healthcare products Regulatory Agency (MHRA) in the U.K., and by Swissmedic.

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Buyer(S) 1

Buyer

Stallergenes Greer

London, United Kingdom
Category Company
Sector Life Science
Revenue 251M EUR (2014)
DESCRIPTION

Stallergenes Greer is a global biopharmaceutical company specializing in the diagnosis and treatment of respiratory allergies through the development and commercialization of Allergy Immunotherapy products and services. The company's purpose is to enable precision medicine to improve life for people with allergies. Stallergenes Greer is headquartered in London, United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector: Life Science M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Medic Savoure

Dutton, Ontario, Canada

Medic Savoure Ltd. is a provider of of allergy immunotherapy products, including diagnostic and AIT treatment products. Medic Savoure is based in Dutton, Ontario.

Buy -

Seller(S) 1

SELLER

Nestlé

Vevey, Switzerland
Category Company
Founded 1866
Sector Food
Employees251,786
Revenue 91.7B CHF (2024)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands in its portfolio and operates globally. Nestlé was established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 20 of 20
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 17 of 17
Country: Switzerland M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Seattle s Best Coffee

Seattle, Washington, United States

Seattle's Best Coffee is a provider of specialty coffee franchises in 12 countries. The company provides whole bean, roast and ground packaged coffee, and K-Cup pods are available in a variety of roasts and flavor profiles across both foodservice and grocery channels. Seattle's Best Coffee is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Grupo CRM

São Paulo, Brazil

Grupo CRM is a premium chocolate producer with established brands such as Kopenhagen and Chocolates Brasil Cacau and Kop Koffee and has a state-of-the-art manufacturing plant in Extrema, Minas Gerais, in the southeast of Brazil. Grupo CRM is based in São Paulo, Brazil.

Buy -
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