M&A Deal Summary

Trygg Pharma Acquires Epax AS

On September 3, 2010, Trygg Pharma acquired life science company Epax AS from Austevoll Seafood

Acquisition Highlights
  • This is Trygg Pharma’s 1st transaction in the Life Science sector.
  • This is Trygg Pharma’s 1st transaction in Norway.
Investment Fate
  • Epax AS was divested to a consortium of strategic buyers in 2013 for 345M USD.

M&A Deal Summary

Date 2010-09-03
Target Epax AS
Sector Life Science
Buyer(s) Trygg Pharma
Sellers(s) Austevoll Seafood
Deal Type Divestiture

Target

Epax AS

Oslo, Norway
Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

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Buyer(S) 1

Buyer

Trygg Pharma

Oslo, Norway

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Trygg Pharma is a Norwegian-based 50/50 joint venture with Aker BioMarine. TPH is a manufacturer of marine-based omega-3 EPA/DHA concentrates for nutraceutical and pharmaceutical applications. EPAX, TPH’s nutraceutical division, is a long-standing leader in marine-based omega-3 EPA/DHA fatty acid concentrates for nutraceutical manufacturers and marketers, with a focus on the high concentrate segment. Trygg Pharma, TPH’s pharmaceutical division, is completing a Phase III FDA study on an omega-3-based drug candidate for hypertriglyceridemia. Trygg Pharma was founded in 2009 and is based in Oslo, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 Epax AS

Oslo, Norway

Epax is a manufacturer of bulk marine Omega-3 oils for use in dietary supplements and functional foods. Epax was the former industrial brands division of Pronova Biocare and this divison was demerged from Pronova in December 2005.

Sell $345M

Seller(S) 1

SELLER

Austevoll Seafood

Storeb, Norway

Category Company
Founded 1981
Sector Food
Employees6,908
Revenue 35.4B NOK (2024)
DESCRIPTION

Austevoll Seafood engages in the pelagic fishery and seafood businesses in Chile, Norway, the United Kingdom, Ireland, and Peru. Austevoll Seafood was founded in 1981 and is based in Storeb¸, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-02 Welcon Invest AS

Oslo, Norway

Welcon Invest AS produces fishmeal, protein concentrate, and fish oil in Northern Europe. The company was founded in 2003 and is based in Oslo, Norway.

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