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Horizon pays $800mm to acquire orphan drug company Raptor

Executive Summary

Horizon Pharma PLC acquired all outstanding shares of public biotech Raptor Pharmaceutical Corp. (rare disease therapeutics) for $9 apiece in cash (a 21% premium), valuing the transaction at $800mm, or over eight times Raptor's 2015 revenues of $94.2mm. Horizon will finance the purchase (expected to close in Q4 2016) with cash on hand and a planned $675mm debt financing.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Acquisition of Private Biotech
    • Payment Includes Cash
    • Includes Contract
    • Intra-Biotech Deal

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