When did Lonza buy Capsugel?
6 July 2017
Basel, Switzerland, 6 July 2017 – Lonza announced today that following the receipt of all required regulatory approvals, it has completed the acquisition of Capsugel S.A. (“Capsugel”) from KKR for USD 5.5 billion in cash, including refinancing of existing Capsugel debt of approximately USD 2 billion.
Who owns Capsugel?
Lonza Group AGCapsugel / Parent organization
In July 2017, the Lonza Group completed the acquisition of Capsugel for $5.5 billion from Kohlberg Kravis Roberts.
What is Lonza known for?
Lonza is the preferred global partner to the pharmaceutical, biotech and nutrition markets. We focus on enabling treatments that prevent illness and support healthier lifestyles. We optimize scientific innovation and manufacturing technology to enable our customers to serve their patients and consumers.
Who bought Bend Research?
Capsugel
Capsugel will acquire Oregon-based Bend Research and make the 38-year-old drug formulation specialist part of its dosage-form solutions unit.
What is a gelatin capsule?
Gelatin capsules are small shells made from gelatin that are used to enclose various medications and nutritional supplements. In either case, most capsules are made from “natural” gelatin, which often has its origins in pig, horse, and other animals’ bones and hooves.
Where is capsugel?
Company Description: Capsugel Manufacturing, LLC is located in Greenwood, SC, United States and is part of the Pharmaceutical and Medicine Manufacturing Industry. Capsugel Manufacturing, LLC has 600 total employees across all of its locations and generates $123.06 million in sales (USD).
What is HPMC capsule?
HPMC stands for hydroxypropyl methylcellulose or hypromellose for short. HMPC is the material from which most supplement capsules are made. It is a clear, tasteless, vegetarian and vegan appropriate material. It is normally made by extraction from wood pulp.
How much does the CEO of Lonza make?
As the Chairman of the Board and Member of the Executive Board of Lonza AG, the total compensation of Albert Baehny at Lonza AG is $626,888.
Who are Lonza competitors?
Lonza’s top competitors include Bristol-Myers Squibb, Royal DSM, Catalent, DuPont, Novozymes, Divis Laboratories, WuXi Biologics, Nissan Chemical and Tokuyama.
Who invented capsule?
James Murdoch of London patented the two-piece telescoping gelatin capsule in 1847. The capsules are made in two parts by dipping metal pins in the gelling agent solution.
What is a methylcellulose capsule made of?
cellulose
Hydroxypropyl methylcellulose (HPMC), also known as hypromellose, is produced from cellulose, a natural polymer and fiber, which is considered to be safe for human consumption.
How will the Capsugel acquisition be financed?
The USD 5.5 billion all-cash acquisition of Capsugel will be financed with a combination of debt and equity financing. Lonza has committed debt financing for the full acquisition amount from BofA Merrill Lynch and UBS and plans to raise equity, which is fully underwritten by UBS and BofA Merrill Lynch for an amount up to CHF 3.3 billion.
What does Capsugel’s acquisition of Lonza mean for Lonza?
With the addition of Capsugel’s world-leading advanced oral dosage delivery technologies, including its leading position in hard capsule technologies, Lonza will become the partner of choice for its pharma customers along the entire value chain.
Who is Capsugel’s legal counsel?
Simpson Thacher & Bartlett LLP is serving as Capsugel’s legal counsel. Lonza is one of the world’s leading and most-trusted suppliers to the pharmaceutical, biotech and specialty ingredients markets. We harness science and technology to create products that support safer and healthier living and that enhance the overall quality of life.
How will the Capsugel and levellonza merger benefit customers?
Lonza and Capsugel’s highly synergistic customer base and complementary business models will facilitate seamless integration. The combined business will be able to leverage the strong regulatory track record and global footprint of each company.