CVC Acquires Therakos Business from Mallinckrodt for $925M

August 5, 2024

CVC Capital Partners Fund IX agreed to acquire the Therakos extracorporeal photopheresis business from Mallinckrodt plc for $925 million in a carve-out transaction. CVC said it will invest in further research, indication expansion and geographic growth of Therakos while key Therakos employees will transition with the business; Mallinckrodt will use proceeds to substantially reduce net debt.

Buyers
CVC Capital Partners Fund IX
Targets
Therakos
Sellers
Mallinckrodt plc
Industry
Medical Devices
Location
New Jersey, United States
Transaction Type
Divestiture

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