Pharma BD Deal Intelligence

Sanofi-Aventis / Symbion Consumer (Primary Health Care)

2008 · Acquisition/Merger · $544M · Complete

CALLED IT — OFF BY 8

A quiet bolt-on that stuck: Nature's Own/Cenovis/Ostelin remained core, growing Sanofi (then Opella) assets for 17 years with real capex behind them — never written down, never a standalone name in the failure column.

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The coverage arc

Jul 20, 2008 CNBC Neutral

CNBC reported Sanofi-Aventis paying $544M for Primary Health Care's Symbion Consumer unit, framing the deal as Sanofi's push into Australian/NZ consumer…

Jan 01, 2018 Michael West Media Bearish

Retrospective Australian commentary characterized the Sanofi acquisition of Symbion Consumer as overpriced and questions the long-term value extraction by the…

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

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AUD 560M; Australia/NZ nutraceuticals & OTC (Natures Own, Cenovis); consumer healthcare

Did it work? Outcome assessment

A quiet bolt-on that stuck: Nature's Own/Cenovis/Ostelin remained core, growing Sanofi (then Opella) assets for 17 years with real capex behind them — never written down, never a standalone name in the failure column.

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi-Aventis / Symbion Consumer (Primary Health Care) (this deal)2008$544M71
Sanofi-Aventis / Merial Limited (Merck's 50% interest)2009$4.0B65
Sanofi-Aventis / Acambis plc2008$548M36
Sanofi-Aventis / Shantha Biotechnics Limited2009$784M34
Sanofi-Aventis / Fovea Pharmaceuticals SA2009$541M23
Sanofi-Aventis / BiPar Sciences, Inc.2009$500M8
Sanofi-Aventis / ImmunoGen Inc.2005$18M

Compare all 7 side-by-side →

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