Insight journal - Dealtalk, Pharma

German pharma company Riemser Said to Draw Private Equity Bids

Posted on 25 May 2012

Tags: ,

Riemser Arzneimittel AG, one of eastern Germany's largest pharma company, is drawing interest from buyout firms including Warburg Pincus LLC, Montagu Private Equity LLP and Triton Advisers UK Ltd., according to people familiar with the process.

The pharma company, based on the island of Riems, near Greifswald, may fetch as much as 300 million euros ($379 million), said the people, who declined to be identified because the talks are private. Jefferies Group Inc., which is running the sale, may select a shortlist of bidders by the end of the month, said the people.

Riemser Chief Executive Officer Michael Mehler confirmed that the drugmaker is talks with a “selected group” of private equity and strategic investors, without providing further details. He declined to comment on the timing or the price of a potential deal.

Riemser, which is owned by the Braun family, GE Healthcare Financial Services and TVM Capital, employs more than 600 people, has sales of more than 115 million euros, and exports to more than 72 countries, according to its website. It focuses on oncology, dermatology, dental products and anti-infectives.

 

Related

Read:  more on dealtalk deals in pharma, biotech, life science partnering deal news, insights and glossary

View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value

View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity

View: Current Partnering’s Big Biotech Deal Making Scorecard – latest trends in big biotech deal making activity

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now

Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now

Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more

Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter

Print Friendly, PDF & Email

Leave a Reply

 

cpbannerad300x150new2gif
rauconbadgejpg
e78banner300x150animgif
cpbannerad300x150new2gif
e79banner300x150gif
e78banner300x150animgif