Mutares SE & Co. KGaA

M&A Activity • Jun 23, 2015

News Details

Corporate | 23 June 2015 09:40

mutares sells Suir Pharma Ireland

mutares AG / Key word(s): Mergers & Acquisitions/Private Equity

2015-06-23 / 09:40

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The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) has sold the pharmaceutical contract manufacturer Suir Pharma Ireland to the strategic investor Saneca Pharmaceuticals. With its second successful exit in 2015, mutares further streamlines its portfolio.

Suir Pharma Ireland (SPI) was acquired in 2012 from German STADA Group. It operates as a Contract Manufacturing Organisation (CMO) producing finished dosage formulations across a broad range of therapeutic areas for various customers worldwide and operates the only Independent Beta-Lactam FDA approved facility in Europe.

After successfully accomplishing the main challenge of making SPI a stand-alone pharmaceutical contract manufacturer, mutares has decided to sell SPI to Saneca Pharmaceuticals for an undisclosed amount. Hence, mutares continues to streamline its portfolio and to free up capacities for new transactions as the deal pipeline is very promising.

Saneca Pharmaceuticals is confident that this strategic acquisition will add significantly to the services that the Saneca Group can offer to its customers. Lubo Soltys, President of Saneca, commented: “We are delighted to have acquired Suir Pharma. We see the combined entity providing significantly enhanced pharmaceutical development capacity and tech transfer capabilities across a range of pharmaceutical forms. This will certainly provide easier access to various markets for our worldwide customer base.”

Company profile of Saneca Pharmaceuticals

Saneca Pharmaceuticals is a supplier to the global pharmaceutical and healthcare industry. Saneca develops and produces high quality pharmaceutical dosage forms, including oral solid, liquids, soft gel capsules and creams. In addition, Saneca Pharmaceuticals has a portfolio of synthetic API’s, and opiate API’s produced from plant biomass.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).

For further information, please contact:

mutares AG

Christoph Himmel

Investor Relations & Corporate Communications

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

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370845  2015-06-23