Pharma BD Deal Intelligence

Mylan N.V. / Renaissance Acquisition Holdings, LLC (topicals business)

2016 · Asset Purchase · $1.0B · Complete

Announcement Sentiment
81
Strongly positive

Mylan acquired the non-sterile topicals-focused specialty and generics business of Renaissance Acquisition Holdings for $950M cash at closing plus contingent payments up to $50M (~$1B total). Acquired ~25 branded/generic topical products, an active pipeline of ~25 products, U.S. dermatology sales infrastructure, and integrated manufacturing. Closed June 15, 2016. ~$370M in 2015 revenues.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Mixed

Key facts

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