Funds advised by Apax Partners to acquire Neuraxpharm
Saturday, July 09, 2016
Funds advised by Apax Partners today announced that an entity controlled by them has entered into a definitive agreement to acquire neuraxpharm Arzneimittel GmbH, a leading German pharmaceutical company, from ATAX GmbH and Neuraxpharm Holding.
The transaction, which is subject to customary closing conditions, is expected to close in the next few months. Terms of the transaction were not disclosed.
Located in Langenfeld near Düsseldorf, neuraxpharm is a leader in generic pharmaceutical products for the treatment of disorders of the central nervous system (CNS). Founded in 1985, the company is a trusted brand for neurologists, psychiatrists, pharmacists and patients. It has a portfolio of 100 predominantly differentiated products to serve the needs of CNS patients.
Steven Dyson, Partner and Co-Head of Healthcare at Apax Partners, said: “We have identified the European generics space as an attractive investment area. After following neuraxpharm for a long time, we have been impressed by the company’s brand, quality reputation and track record of innovation in the CNS field. Our plan is to invest into the organic growth of neuraxpharm and to consolidate the European generics market, as evidenced by our recent announcement of a transaction with Spain's Invent Farma."
Dr. Thomas Strüngmann, Managing Director of ATAX GmbH, said: “We have been proud to support neuraxpharm during the last 6 years of our ownership and to have been part of its growth and development. We want to thank management and employees for their strong efforts and contribution, and wish neuraxpharm and its new owners all the best for its next phase of growth.”
Source : apax.com
