M&A Deal Summary

Trustar Capital Acquires Harbin Pharmaceutical Group

On January 1, 2006, private equity firm Trustar Capital acquired life science company Harbin Pharmaceutical Group from Warburg Pincus

Acquisition Highlights
  • This is Trustar Capital’s 1st transaction in the Life Science sector.
  • This is Trustar Capital’s 1st transaction in China.

M&A Deal Summary
Date 2006-01-01
Target Harbin Pharmaceutical Group
Sector Life Science
Buyer(s) Trustar Capital
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout

Target

Harbin Pharmaceutical Group

Harbin, China
Harbin Pharmaceutical Group is a domestic pharmaceutical company. The Company is a large-scale and efficient manufacturer and distributor of generic antibiotics drugs. Harbin Pharmaceutical Group is based in Harbin, China.

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Buyer(S) 1

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.

DEAL STATS #
Overall 3 of 52
Sector (Life Science) 1 of 2
Type (Secondary Buyout) 1 of 11
Country (China) 1 of 22
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-02 Preferred Freezer Services

Chatham, New Jersey, United States

Preferred Freezer Services is an operator of state-of-the-art, full-service refrigerated warehouses providing storage primarily for specialty frozen seafood. The company operates twelve facilities in five metropolitan areas and ranks as the 7th largest refrigerated warehouse company in North America. The company has over 1,900 clients, consisting of seafood importers and distributors and frozen food manufacturers and distributors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 MW Components

Charlotte, North Carolina, United States

MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 25 of 250
Sector (Life Science) 6 of 20
Type (Secondary Buyout) 4 of 42
Country (China) 3 of 28
Year (2006) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 TransDigm Group

Cleveland, Ohio, United States

TransDigm Group is a designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft platforms. TransDigm's major product lines include pumps, ignition system components, mechanical controls and actuators, engineered connectors, NiCad batteries and chargers, lavatory components and overhead bin latches. TransDigm Group was founded in 1983 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-06 Micro Therapeutics

Irvine, California, United States

Micro Therapeutics is a develops, manufactures and markets minimally invasive medical devices for the diagnosis and treatment of vascular disease. The company is focused on catheter-based, or endovascular, technologies for the minimally invasive treatment of neurovascular disorders of the brain associated with stroke.

Sell -
Mergr

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