Pharma BD Deal Intelligence

Pfizer Inc. / Capsugel (Pfizer divestiture to KKR)

2011 · Acquisition/Merger · $2.4B · Complete

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The coverage arc

Apr 04, 2011 Fortune Bullish

KKR's industrials team led the deal, framing Capsugel as an engineering/manufacturing platform with emerging-markets and gelatin-free growth options rather…

Apr 04, 2011 The Globe and Mail Neutral

Pfizer's sale of its Capsugel unit to KKR signals that more non-core divestitures are likely as the pharma giant continues to streamline post-Wyeth integration.

Apr 05, 2011 Drug Development & Delivery Bullish

Bernstein's Tim Anderson said Pfizer divestments looked serious and could extend beyond non-pharma units to Established Products — extremely bold but…

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

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Pfizer announced April 5, 2011 the sale of Capsugel to KKR for ~$2.38B in cash; closed August 1, 2011. Capsugel is a leading pharma capsule and drug-delivery platform with ~$750M annual revenue.

Did it work? Outcome assessment

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Financial impact
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Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / Capsugel (Pfizer divestiture to KKR) (this deal)2011$2.4B71
Pfizer Inc. / BioNTech SE2020$748M100
Pfizer Inc. / FoldRx Pharmaceuticals201099
Pfizer Inc. / Medivation Inc.2016$14.0B86
Pfizer Inc. / Wyeth2009$68.0B86
Pfizer Inc. / Warner-Lambert Company2000$90.0B83
Pfizer Inc. / Arvinas, Inc.2021$2.4B77

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