Peckforton Pharmaceuticals sold to Abbey Pharma

Peckforton-Pharmaceuticals

Clearwater Advisor

Press Release

Specialist pharmaceuticals company Peckforton has been acquired by Abbey Pharma, in a transaction advised by Clearwater International.

The acquisition was supported by a £2m investment from growth capital investor Business Growth Fund (BGF), alongside senior debt funding from RBS. BGF’s investment has enabled Abbey Pharma to acquire Peckforton Pharmaceuticals from the RisingStars Growth Fund and Coalfields Enterprise Fund, managed by Enterprise Ventures, and the North West Business Investment Fund, managed by YFM Equity Partners.

Peckforton Pharmaceuticals, based in Crewe, is a fast-growing company that manufactures, distributes and sells prescription and OTC products in the UK and Europe. The business is a UK leader in niche, generic injectable, solid dose and liquid pharmaceuticals and medicines for the hospitals and pharmacy markets.

Based in Maidenhead and established in 2009, Abbey Pharma is a rapidly expanding business that has shown consistent year-on-year revenue growth, delivered by the incumbent management team, led by CEO Kevin James and COO Shafiq Choudhary. The combined business will have revenues of c. £8m.

The acquisition will add new and complementary products to Abbey Pharma, doubling the group’s size and establishing a platform to support future expansion plans. Both Enterprise Ventures and YFM Equity Partners are fully exiting Peckforton Pharmaceuticals following a period that saw the company’s sales treble.

“This deal represents the next stage of Peckforton’s development. The company has established itself within the UK generic drugs market by sourcing and supplying high quality injectable, solid and liquid medicines into the NHS, experiencing significant growth over the last three years. Being part of a larger organisation will enable the business to launch future products and take advantage of the strategic opportunities available, and Abbey Pharma will provide the firm with a platform to expand into European markets.”

Ramesh Jassal, global head of Healthcare at Clearwater International