NEURAXPHARM acquired by PERMIRA
Context
Permira acquired Neuraxpharm from Apax Partners, following a competitive auction process. The transaction was structured to support the company's transition from a regional player to a pan-European leader. Under Permira's ownership, the management team led by CEO Dr. Dierks remained in place to execute a high-velocity buy-and-build strategy. The deal was financed through a combination of equity and a significant leveraged loan package, aiming to capitalize on the resilient and growing market for CNS treatments. Following the acquisition, Permira supported the group in expanding its geographical footprint across Europe and into international markets like Brazil and Australia, while simultaneously investing in a robust pipeline of high-tech and innovative CNS molecules.
NEURAXPHARM, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.6x).
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Target
Neuraxpharm is a leading European specialty pharmaceutical company focused on the treatment of Central Nervous System (CNS) disorders. It develops and commercializes value-added medicines and consumer healthcare products for chronic conditions such as Epilepsy, Parkinson s, Alzheimer s, Depression, and Psychosis. It holds leading positions in Germany and Spain and covers over 115 different CNS molecules.
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REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 50M - 100M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: neuraxpharm
Acquirer: permira