KKR to invest in Arbor Pharmaceuticals

KKR, a leading global investment firm, is acquiring a significant minority stake in the US-based Arbor Pharmaceuticals, a specialty pharmaceutical company. Financial terms of the transaction were not disclosed.
 
Acquired by its current investor group in 2010, Arbor markets branded prescription products for the cardiovascular, hospital, and paediatric markets as well as generic products through its Wilshire division. The company has completed over twenty acquisition, licensing, or product development transactions over the past four years and has multiple products filed with the FDA as well as several branded and generic products in late-stage development.
 
“Arbor is led by an accomplished management team with a track record of building and scaling specialty pharmaceutical platforms. We believe that Arbor, with its diversified product portfolio, late-stage development pipeline, and proven business development acumen, is well positioned for continued growth,” said Ali Satvat, director on KKR's Health Care investing team.
 
“Arbor remains committed to creating value for patients by identifying, developing, and bringing to market improved medicines with a focus on quality. Arbor and our new investment partner KKR maintain a shared vision for continuing to provide quality products that offer significant clinical benefits to patients,” commented Ed Schutter, president and CEO of Arbor Pharmaceuticals.
 
KKR has a long history of investing in and growing leading health care companies, including Alliance Boots, Biomet, Gland Pharma, HCA, Jazz Pharmaceuticals, and PRA Health Sciences. KKR is funding the Arbor investment primarily from its North America XI private equity fund. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close early in the first quarter of 2015.