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Actavis divests pharma business to TPG

Posted on 16 February 2015

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Actavis will divest to TPG the pharma business currently known as Aptalis Pharmaceutical Technologies (Pharmatech) a pharmaceutical outsourcing and R&D business within Actavis' subsidiary Aptalis operating in the United States, Canada and Europe.

No other Aptalis pharma business or products are included in the transaction.

No financial terms were disclosed.

By acquiring Pharmatech TPG intends to use the company as a platform to enter into new partnerships and make additional acquisitions to grow the business.

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