Pharma BD Deal Intelligence

Nestle SA / Pfizer Nutrition (Pfizer Inc. infant nutrition unit)

2012 · Asset Purchase · $11.8B · Complete

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The coverage arc

Apr 23, 2012 NutraIngredients (Credit Suisse cited) Neutral

Credit Suisse's Alex Molloy: 'They may face anti-trust troubles that may force them to sell parts of the business' — flagged ~25% of Pfizer Nutrition revenue…

Nov 05, 2012 FoodNavigator Neutral

Chinese MOFCOM approval came with conditions, clearing the final major regulatory hurdle and validating Nestle's emerging-market thesis behind the…

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

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Nestle acquired Pfizer Nutrition (infant formula carve-out from Wyeth heritage) for $11.85B cash. Strengthened Nestle position in emerging-market infant nutrition (especially China). Note: borderline consumer-health categorization; included given carve-out from a top-15 pharma.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Nestle SA / Pfizer Nutrition (Pfizer Inc. infant nutrition unit) (this deal)2012$11.8B50
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Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91
Stryker Corporation / MAKO Surgical Corp.2013$1.6B91
Quintiles Transnational Holdings Inc. / IMS Health Holdings, Inc.2016$17.6B91
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