Consortium sells Carmel Pharma stake
A consortium, consisting of Priveq Investment, Investor Growth Capital, Industrifonden, Start Invest and employees, has sold 95% of the shareholding in Swedish pharmaceutical company Carmel Pharma AB.
The acquirer is Becton, Dickinson and Company, which also intends to acquire the remaining shares for the same offer price. Financial details of the deal have not been disclosed.
Previous funding
3i acquired a 23% stake in Carmel Pharma from Scandinavian Life Science Venture in October 2006. Priveq Investment acquired the stake held by 3i in May 2009.
Company
Carmel Pharma AB is based in Mölndal and is a provider of closed drug transfer systems for handling medication. The company's product PhaSeal is used in more than 2,000 hospitals worldwide.
The company was founded in 1994 and employs approximately 200 staff.
People
Loise Nilsson represented Priveq on Carmel Pharma's board of directors.
Advisers
Vendor - Jefferies International (Corporate finance); Gernandt & Danielsson (Legal).
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