M&A Deal Summary

Viatris Acquires Mylan Laboratories

On August 28, 2006, Viatris acquired medical products company Mylan Laboratories from TPG

Acquisition Highlights
  • This is Viatris’ 1st transaction in the Medical Products sector.
  • This is Viatris’ 1st transaction in India.

M&A Deal Summary

Date 2006-08-28
Target Mylan Laboratories
Sector Medical Products
Buyer(s) Viatris
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

Mylan Laboratories

Secunderabad, India
Mylan Laboratories Limited (Mylan Labs), a subsidiary of U.S.-based Mylan Inc. (Nasdaq: MYL), is one of the world’s largest manufacturers and suppliers of active pharmaceutical ingredients (APIs). Based in Hyderabad, India, Mylan Labs offers more than 150 APIs and intermediates to customers in more than 80 countries across a wide range of therapeutic categories.

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Buyer(S) 1

Buyer

Viatris

Canonsburg, Pennsylvania, United States

Category Company
Founded 1961
Sector Life Science
Employees33,000
Revenue 15.4B USD (2023)
DESCRIPTION

Viatris is a generic and specialty pharmaceutical company. Viatris offers the industry's broadest and highest quality product portfolios, a robust product pipeline, and a global commercial footprint through operations in more than 90 countries. Viatris was founded in 1961 and is based in Canonsburg, Pennsylvania.


DEAL STATS #
Overall 2 of 13
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (India) 1 of 3
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Somerset Pharmaceuticals

Tampa,, Florida, United States

Somerset, a proprietary research and development company,Somerset developed EMSAM(R), a transdermal patch for the treatment of major depressive disorder, currently marketed in the United States by Bristol-Myers Squibb.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-12 Merck Generics

Germany

Merck Generics is a generic and specialty pharmaceutical company.

Buy €4.9B

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 37 of 270
Sector (Medical Products) 2 of 11
Type (Add-on Acquisition) 12 of 95
Country (India) 1 of 14
Year (2006) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-24 Business Signatures

Redwood City, California, United States

Business Signatures Corp. offers fraud prevention solution to solve information technology management and online fraud and risk prevention services. Business Signatures' e-fraud signature library provides financial services companies with templates that recognize patterns of navigation, access and behavior within online customer sessions; and its intent processor platform enables the detection of fraudulent intent versus normal intent of online customers.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-30 Sierra Logic

Roseville, California, United States

Sierra Logic, a fabless semiconductor company, provides semiconductors to the enterprise storage market. Its products include chip and firmware solutions, which emulate fiber channel devices using SATA hard disk drives. The company offers silicon storage routers and silicon storage bridges. Sierra Logic was founded in 2001 and is headquartered in Roseville, California.

Sell $180M