20 05 2016

Mylan acquires the topical pharmaceutical business of Renaissance for $950 million in cash

RoundTable Healthcare Partners announced that its portfolio company Renaissance Acquisition Holdings, LLC has entered into a definitive agreement to sell its topical pharmaceutical business to Mylan N.V. for $950 million in cash at closing, plus additional contingent payments of up to $50 million, subject to customary adjustments.


The Topical Division of Renaissance is a fully-integrated, specialty pharmaceutical business focused on the manufacture, development, sales and marketing of branded and generic topical pharmaceutical products. RoundTable started Renaissance in 2010 when it acquired two leading contract manufacturing and development organizations, Confab Laboratories, based in Montreal, and DPT Laboratories, based in San Antonio, Texas. Through significant investments in senior leadership talent, product acquisitions, research & development, capital expenditures, the creation of a dermatology salesforce and the development of a pipeline of over two dozen topical ANDAs and NDAs, Renaissance has developed into one of the largest, privately-held, vertically-integrated specialty pharmaceutical companies in the topicals/dermatology market in North America. As part of this transaction, Renaissance will continue to own and operate its sterile-focused specialty pharmaceutical business with development and manufacturing facilities in Lakewood, New Jersey. Deutsche Bank Securities Inc. acted as exclusive financial advisor to Renaissance. Sidley Austin LLP acted as lead legal counsel to RoundTable, while Jones Day is acting as Antitrust counsel to RoundTable Healthcare Partners in the sale with a team led by partner Michael Sennett. Involved fees earner: Michael Sennett - Jones Day;

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