ANI Pharmaceuticals Acquires Novitium Pharma for $163.5M
March 9, 2021
ANI Pharmaceuticals completed the acquisition of Novitium Pharma for $163.5 million (including $89.5M cash and $74M equity, plus up to $46.5M in contingent earn-outs), adding a U.S.-based R&D engine and CDMO manufacturing capacity. The deal, financed with a new $300M Term Loan B, a $40M revolver and a $25M PIPE investment from Ampersand Capital Partners, is expected to be immediately accretive and expand ANI's generics, contract manufacturing and 505(b)(2) capabilities.
- Buyers
- ANI Pharmaceuticals, Inc., Ampersand Capital Partners
- Targets
- Novitium Pharma
- Sellers
- Novitium Pharma shareholders (including founders Samy Shanmugam, Chad Gassert and Vijay Thorappadi)
- Industry
- Pharmaceuticals
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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