L1 Health and Blantyre Capital Acquire Remedica and Sun Wave Pharma

October 21, 2021

L1 Health and Blantyre Capital have acquired European pharmaceutical businesses Remedica (Cyprus) and Sun Wave Pharma (Romania) as part of a debt-for-assets restructuring with Johannesburg-listed Ascendis Health; the deal closed on October 21. Remedica is a generics manufacturer with production and distribution across 160 countries, while Sun Wave Pharma is a leading nutraceuticals/nutritional-products provider in Eastern Europe.

Buyers
L1 Health, Blantyre Capital
Targets
Remedica, Sun Wave Pharma
Sellers
Ascendis Health
Industry
Pharmaceuticals
Location
Cyprus
Transaction Type
Divestiture

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