M&A Deal Summary

Cencora Acquires PharmaLex

On September 12, 2022, Cencora acquired life science company PharmaLex from AUCTUS Capital Partners AG for 1.3B USD

Acquisition Highlights
  • This is Cencora’s 2nd transaction in the Life Science sector.
  • This is Cencora’s 5th largest (disclosed) transaction.
  • This is Cencora’s 1st transaction in Germany.

M&A Deal Summary

Date 2022-09-12
Target PharmaLex
Sector Life Science
Buyer(s) Cencora
Sellers(s) AUCTUS Capital Partners AG
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Harris Williams & Co. (Financial)
emnay Rechtsanwaltskanzlei Florian Aigner (Legal)

Target

PharmaLex

Frankfurt, Germany
website
PharmaLex is a provider of solutions for drug development, regulatory affairs, and pharmacovigilance. The company features a multidisciplinary team from more than 40 nationalities with knowledge that spans the whole spectrum of life sciences, including biology, biochemistry, pharmacology, engineering, food chemistry, medicine, nutritional science, pharmacy science, toxicology, and veterinary medicine. PharmaLex is based in Frankfurt, Germany.

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Buyer(S) 1

Buyer

Cencora

Conshohocken, Pennsylvania, United States

website


Category Company
Founded 2001
Sector Distribution
Employees39,000
Revenue 238.6B USD (2022)
DESCRIPTION

Cencora is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and care. Cencora was founded in 2001 and is based in Conshohocken, Pennsylvania.


DEAL STATS #
Overall 13 of 14
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 11 of 11
Country (Germany) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 H. D. Smith

Springfield, Illinois, United States

H. D. Smith LLC is a wholesalers, providing services and solutions for manufacturers and healthcare providers. H. D. Smith LLC was founded in 1954 and is based in Springfield, Illinois.

Buy $815M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 OneOncology

Nashville, Tennessee, United States

OneOncology empowers community oncology practices with advanced tools and capabilities to help physicians deliver higher-quality cancer care to their patients, close to home, amidst a rapidly evolving cancer care ecosystem. OneOncology was founded in 2018 and is based in Nashville, Tennessee.

Buy $2.1B

Seller(S) 1

SELLER

AUCTUS Capital Partners AG

Munich, Germany

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AUCTUS Capital Partners AG targets small-cap and mid-market opportunities in German-speaking countries (primarily Germany, Switzerland and Austria). The Firm focuses on 'sustainable' companies operating in fragmented sectors with strong market positions and growth potential. AUCUTS generally looks to invest in companies valued between €10 and €100 million with revenues of €10 to €150 million. Areas of interest include healthcare, automotive, fine chemicals/pharma, IT/software, education, and business services. The Firm will consider a variety of transaction types including buy-and-build, MBOs, MBIs, and spin-offs/carve-outs. AUCTUS Capital Partners AG was formed in 2001 and is based in Munich.


DEAL STATS #
Overall 16 of 16
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Germany) 15 of 15
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Elplan

Minden, Germany

Formed in 1993, Elplan focuses on the planning of all building technology systems that currently consist of 70 building technology specialists in Minden, Hamburg, and Vechta. The core business of Elplan is the offer of integral TGA solutions (technical building equipment) in the field of electrical and supply technology with a full range of services from a single source. The services include HLS (heating, ventilation, sanitary), ELT (electrical engineering), building digitization, and fire protection. Elplan covers all system groups according to HOAI (fee schedule for architects and engineers). By using the latest 3D technology and the networked BIM (Building Information Modeling) planning method, highly complex projects can be carried out efficiently, quickly, and economically.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Deco

Urgnano, Italy

Deco is a design platform specializing in the development and marketing of environmentally friendly composite surfaces for outdoor and indoor use, as well as wood surfaces under owned or registered brands. Deco is based in Urgnano, Italy.

Buy -