AURELIUS Group
AURELIUS completes acquisition of LloydsPharmacy’s parent company, McKesson UK
DGAP-News: AURELIUS Group
/ Key word(s): Takeover
AURELIUS completes acquisition of LloydsPharmacy’s parent company, McKesson UK Luxembourg/London, April 07, 2022 – AURELIUS is pleased to announce that it has successfully closed the acquisition of McKesson UK. McKesson UK is the parent company of a number of market leading healthcare businesses including LloydsPharmacy, John Bell & Croyden and AAH Pharmaceuticals. This landmark deal marks the fifth completed transaction in less than a year under AURELIUS’ co-investment structure. McKesson UK comprises four divisions and holds a substantial market share across each vertical: retail, digital, homecare and wholesale. McKesson UK’s success has been underpinned by its strong LloydsPharmacy brand, its loyal customer base and its leading commercial footprint across wholesale pharmaceuticals. Over recent years, the company has benefited from the introduction of additional services delivered across its more than 1,300 pharmacies, a growing digital offering and the ability to support the increasing trend of primary care being delivered to patients in their home. AURELIUS will ensure a smooth transition as McKesson UK separates from its former US-based parent company, McKesson Corporation. Furthermore, AURELIUS will seek to leverage McKesson UK’s established market positions to maximise the opportunities available within each division. AURELIUS was advised by Rothschild & Co. (Corporate Finance), PwC and FRP (Financial), Interpath (Tax), Mayer Brown and DLA (Legal), Cardano (Pensions), Kearney (IT) and Mansfield (Commercial). ABOUT AURELIUS Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA (“AEO”; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy’s core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life. CONTACT
07.04.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |