new-recommended-broker-banner new-recommended-broker-banner

Permira to Acquire Neuraxpharm for $1.9bln

Updated: 22 Sep 2020

Permira, the UK-based private equity firm, agreed to acquire Neuraxpharm for nearly $1.9 billion, including debt, from its British counterpart Apax. Permira is paying an amount that is  around 13 times multiple of Neuraxpharm’s expected 2021 core earnings.

The aim of the deal is to capitalize on the expected surge in demand for the company’s main products e.g. antidepressants and painkillers.

Apax Partners purchased Neuraxpharm four years ago, before merging it with Invent Farma. The pharma firm has an annual revenue of 460 million euros, while it employs 850 staff.


Apax said it expects the deal to generate gross multiple on invested capital of 3.5 times and a gross internal rate of profit of 36%.

“Since [the takeover in 2016], and with the support of Apax VIII, Neuraxpharm has experienced rapid international expansion both through greenfield operations and several acquisitions, transitioning from a local player to a leading pan-European specialty company that covers 80% of the European market,” Apax said in the statement.

Permira to Acquire Neuraxpharm for $1.9 billion September 2020

Apax share price gained over 2% this morning.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .