In September 2012, Ardian (previously known as Axa Private Equity) completed the acquisition of Riemser Pharma, the specialty pharma business from the owners and funds managed by TVM and GE Capital. Abolon’s M&A team had been mandated by Ardian alongside Abolon’s commercial DD team on this transaction.
Riemser Arzneimittel generated annual revenues of EUR 100m in 2011 and has 500 employees. With this transaction, Ardian will be supporting Riemser’s strategy of continued specialization and internationalization.