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New Deal


Announced

Completed

Astorg completed the acquisition of CordenPharma from ICIG for $3.2bn.

Financials

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Transaction Value£2,394m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Germany

pharmaceutical services

Pharmaceuticals

biopharmaceutical company

Private Equity

Majority

Single Bidder

Acquisition

Cross Border

Completed

Synopsis

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Astorg Partners, a private equity firm, completed the acquisition of CordenPharma, a pharmaceutical CDMO, from International Chemical Investors Group, a chemical company, for $3.2bn. "The transaction is the result of our thematic sourcing effort in pharma services. We identified the Company as a leading CDMO focused on some of the most promising areas of pharma R&D and with a strong customer focus and unique innovation capabilities," Judith Charpentier, Astorg Partner and Head of Healthcare.

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