Azbil Divests Telstar in Strategic Move
Deal News | Nov 14, 2024 | Finance Community ES 2 - Corporate M&A
Azbil Corporation, aiming for sustainable growth and shareholder value enhancement, divests its subsidiary Telstar to Syntegon Technology Group. Lincoln International acted as the financial advisor for Azbil in this transaction. As a leading global player based in Spain, Telstar is known for its advanced pharmaceutical manufacturing equipment, serving industries like biotechnology and medical research. The acquisition by Syntegon, supported by CVC Capital Partners, will solidify their portfolio in pharmaceutical liquid processing technology, enhancing Syntegon's market presence with Telstar's solutions in lyophilizers and sterilization equipment. The move is seen as part of a broader trend of consolidation in the pharmaceutical manufacturing sector.
Sectors
- Pharmaceutical Manufacturing
- Mergers and Acquisitions
Geography
- Spain – Telstar is headquartered in Terrassa, Spain, highlighting its significant presence and operations in the country.
- Japan – Azbil Corporation, the seller, is a Japanese company involved in the transaction.
Industry
- Pharmaceutical Manufacturing – The acquisition involves Telstar, a company focusing on equipment for the pharmaceutical and biotechnology industries.
- Mergers and Acquisitions – The article discusses the sale of Telstar by Azbil Corporation to Syntegon Technology Group.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azbil Corporation | Selling Company | Company | A Japanese corporation that owned Telstar before the sale to Syntegon. |
| Telstar | Target Company | Company | A manufacturer of pharmaceutical equipment, based in Spain, being sold to Syntegon Technology Group. |
| Syntegon Technology Group | Bidding Company | Company | The company acquiring Telstar, backed by CVC Capital Partners. |
| CVC Capital Partners | Private Equity Firm | Company | A private equity firm that is a participant in Syntegon Technology Group. |
| Lincoln International | Financial Advisor | Company | Acted as the financial advisor to Azbil Corporation in the transaction. |
| Ivan Marina | Transaction Leader | Person | Executive Director at Lincoln International who led the transaction team. |