M&A Deal Summary

Triax Pharmaceuticals Acquires PreCision Dermatology

On May 1, 2012, Triax Pharmaceuticals acquired medical products company PreCision Dermatology from EW Healthcare Partners for 85M USD

Acquisition Highlights
  • This is Triax Pharmaceuticals’ 1st transaction in the Medical Products sector.
  • This is Triax Pharmaceuticals’ largest (disclosed) transaction.
  • This is Triax Pharmaceuticals’ 1st transaction in the United States.
  • This is Triax Pharmaceuticals’ 1st transaction in Rhode Island.
Investment Fate
  • PreCision Dermatology was sold to a publicly-traded strategic buyer in 2014 for 475M USD.

M&A Deal Summary

Date 2012-05-01
Target PreCision Dermatology
Sector Medical Products
Buyer(s) Triax Pharmaceuticals
Sellers(s) EW Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

PreCision Dermatology

Cumberland, Rhode Island, United States
PreCision Dermatology, Inc. is a specialty pharmaceutical company developing, manufacturing and marketing prescription and consumer dermatology products. Our mission is to develop innovative skincare therapies with proven clinical performance that patients prefer and physicians are confident to prescribe.

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Buyer(S) 1

Buyer

Triax Pharmaceuticals

Cranford, New Jersey, United States

Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Triax Pharmaceuticals, LLC a specialty pharmaceutical company, engages in the development, sale, and marketing of dermatological products in the United States.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 PreCision Dermatology

Cumberland, Rhode Island, United States

PreCision Dermatology, Inc. is a specialty pharmaceutical company developing, manufacturing and marketing prescription and consumer dermatology products. Our mission is to develop innovative skincare therapies with proven clinical performance that patients prefer and physicians are confident to prescribe.

Sell $475M

Seller(S) 1

SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


DEAL STATS #
Overall 29 of 53
Sector (Medical Products) 15 of 24
Type (Add-on Acquisition) 19 of 34
State (Rhode Island) 1 of 1
Country (United States) 25 of 46
Year (2012) 2 of 3
Size (of disclosed) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 EUSA Pharma

Langhorne, Pennsylvania, United States

EUSA Pharma is a trans-Atlantic specialty pharmaceutical company focused on oncology and critical care. EUSA intends to build a portfolio of products that are on the market or in late-stage clinical trials through acquisitions and in-licensing. The company has a sales and marketing organization and commercial infrastructure in the US and all major European countries.

Sell $680M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 Bioventus

Durham, North Carolina, United States

Bioventus provides clinical and cost-effective therapies and diagnostics to help patients regain active lifestyles. The company's innovative products include bone stimulation devices and osteoarthritis joint fluid therapies. Bioventus was incorporated in 2011 and is based in Durham, North Carolina.

Buy -