Pharma BD Deal Intelligence

Madison Dearborn Partners / Ikaria, Inc.

2013 · Take-Private · $1.6B · Complete

CALLED IT — OFF BY 7
Full analysis, sources & comparables →

The coverage arc

Dec 24, 2013 BioSpace Bullish

Private equity firm Madison Dearborn Partners scoops up Ikaria for $1.6 billion; existing shareholders led by New Mountain reinvest into a 45% stake in the new…

Dec 26, 2013 Fierce Biotech (press release) Bullish

Ikaria shareholders led by New Mountain Capital agreed to 'sell the Commercial Business to Madison Dearborn Partners in a transaction valued at approximately…

Mar 05, 2015 FiercePharma Bullish

Mallinckrodt agreed to buy Ikaria from the Madison Dearborn-led group for ~$2.3B, validating the LBO thesis on the INOMAX hospital franchise less than…

Source summaries from our enrichment pipeline; follow links for originals.

All 6 sources with sentiment breakdown →

Madison Dearborn signed definitive agreement for majority ownership of Ikaria in transaction valued ~$1.6B; included separation of Ikaria's outpatient pipeline as spin-out to existing shareholders.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Mixed

Key facts

Related deals — scored

DealYearValueOutcome
Madison Dearborn Partners / Ikaria, Inc. (this deal)2013$1.6B85
Vertex Pharmaceuticals Incorporated / Concert Pharmaceuticals, Inc.2017$250M85
AstraZeneca PLC / Amgen Inc.2020$2.3B84
GlaxoSmithKline plc / Theravance, Inc.2012$213M82
Swedish Orphan Biovitrum AB / AstraZeneca PLC (Synagis US rights)2018$2.3B80
GSK plc / Jiangsu Hengrui Pharmaceuticals Co. Ltd.2025$12.0B65
Zymeworks Inc. / Theravance Biopharma, Inc. (TD-4208 program)2026$929M63

Compare all 7 side-by-side →

See the full interactive analysis, sources & comparables →