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The goal is to support the international growth of the Company, leveraging Mipharm as a growth platform in the CDMO industry
Milan, 06th December 2016 Mandarin Capital Partners II (MCP II) has successfully acquired a majority stake in the share capital of Mipharm Spa, an Italian leading Contract Manufacturing Organization (CMO) engaged in the manufacturing and packaging of a wide range of Finished Dosage Formulations (FDFs). The Group also provides product development services and clinical studies based on customer requirements and/or in house R&D.
MCP II total initial investment amounts to 16.4 million euro, with the goal to increase the total investment with acquisitions of selected targets. Cassiopea Partners (Buyer&rsquos financial advisor), Euteam (company owned by Mr. Maurizio Silvestri – ex CEO of Euticals) and some of Mipharm&rsquos Managers invested alongside MCP II.
Current CEO Mr. Pierangelo Costa will continue to manage the company. Mipharm has posted sales of around 37.9 m euro in 2015, with approx. 45 clients (Big Pharma, Global Generic companies, other pharmaceutical companies) located in 30 countries (i.e. in 2015 Exports account for about 65% of Revenues).
The investment is aimed at supporting international growth of the Company, leveraging on MCP II&rsquos network and business development channels in the European and Asian markets.
Cassiopea Partners and the lawyers of R&P Legal of Milan acted respectively as financial and legal advisor for MCP II; BPM and BPER acted as financing banks providing the acquisition and M&A lines. The seller was supported by Rothschild as financial advisor and by the lawyers of Bonelli Erede Pappalardo as legal advisor.
The due diligence process was conducted by Ernst & Young (financial and tax areas), R&P Legal (legal area), Goetz Partners (business) and Tauw (Environmental).
Dear user,
we inform you that you are leaving the website of Mipharm S.p.A. and therefore the Privacy Policy and the Cookie Policy of our site will no longer be applicable.
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