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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