Minapharm Pharmaceuticals acquires 95% stake in ProBioGen AG

June 2010. CFP BioConnect, the life sciences arm of the Corporate Finance Partners Group – now ACXIT Capital Partners, is pleased to announce that it has advised Minapharm Pharmaceuticals, Cairo/Egypt  on the acquisition of a 95% stake in ProBioGen AG, Berlin/Germany.

2010_06_Minapharm_probiogenThe total purchase price of EUR 30.4 million includes earn-out payments which are conditional upon the achievement of defined milestones. HC Securities & Investment, Cairo, acted as co-advisor, Hengeler Mueller was legal counsel and Ernst & Young was responsible for the financial due diligence.

About Minapharm Pharmaceuticals

Minapharm Pharmaceuticals, headquartered in Cairo, is one of the leading pharmaceutical companies in Egypt and the Middle East. Through its subsidiary, Rhein Minapharm BioGenetics, Minapharm has established a meaningful presence in the biologicals area and has already successfully launched five therapeutic proteins on the market. (www.minapharm.com)

About ProBioGen

ProBioGen is a well established specialist in mammalian cell-engineering and cell culture as well as a leading innovator in the field of designer cell lines. The Company will continue to offer its customers a fully integrated and complete service spectrum from gene to market supply, providing every step from protein expression to cGMP manufacturing, including full project management support. ProBioGen provides Minapharm with an excellent platform to further expand its business into Europe. (www.probiogen.de)

About ACXIT Capital Partners

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.

To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)

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Dr. Ingmar Ackermann, Managing Partner
E-mail: Ackermann@acxit.com