csl-to-buy-talecris-biotherapeutics-for-31-billion

CSL to buy Talecris Biotherapeutics for $3.1 billion

Australian plasma giant CSL will tap several sources to pay for the purchase of the US company, including a $1.5 billion share placement.
August 13, 2008
CSL yesterday announced that it had signed an agreement to acquire Talecris Biotherapeutics Holdings for $3.1 billion. CSL is an Australian company that focuses on the development and manufacture of vaccines and plasma therapies. It will be purchasing the US manufacturer of plasma-derived protein therapies from two hedge funds û Cerberus Partners and Ampersand Ventures.

The purchase price values Talecris at an historical adjusted Ebit multiple of 12.7 times, based on the 12 months ending June 30, and an Ebitda of 12 times, before including synergies. The merger will result in synergies of approximately $225 million, which will be realised over the first three years. The company will however be subject to restructuring costs of...
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