Advent portfolio company Grupo Biotoscana listed on Brazil’s B3 Exchange
- Since Advent’s initial investment in 2011, Grupo Biotoscana has experienced significant growth and strengthened its presence in the major Latin American markets of Brazil and Argentina
- Company has consummated strategic acquisitions and successful integrations of Biotoscana, United Medical and Laboratorio LKM
- Advent retains significant equity stake and Board representation
BOSTON, MA and MONTEVIDEO, URUGUAY, August 22, 2017 – Advent International, one of the largest and most experienced global private equity investors, today announced that its portfolio company, Grupo Biotoscana (“GBT”), a leading specialty pharmaceutical company in Latin America, priced its initial public offering on July 25, 2017 at R$26.50 per share, generating gross proceeds of US$375.2 million. The Company is listed on Brazil’s B3 Exchange under the trading symbol “GBIO33”. Advent has retained a significant equity stake in GBT and will maintain a presence on the Company’s Board of Directors.
“Last month, we began our next phase of growth as a public company,” said Mr. Mariano Garcia-Valino, CEO of GBT. “We are very excited for this next step in our evolution as we continue to work with Advent on our expansion throughout Latin America. With the help of Advent’s dedicated support and leadership, we have built a portfolio of high-technology specialty pharmaceuticals, focused mainly on infectious diseases, oncology and oncohematology, special treatments, immunology and inflammation and orphan/rare diseases, among others, and have grown our product offering by nearly 35% over the past six years.”
GBT is one of the few Latin American integrated pharmaceutical companies engaged primarily in the development, manufacturing and commercialization of branded specialty pharmaceutical products throughout the region. GBT has an established presence in all major Latin American markets, with operations in Brazil, Argentina, Colombia, Bolivia, Chile, Ecuador, Mexico, Paraguay, Peru and Uruguay.
“We are pleased to continue to work with Mariano and his skilled management team as GBT embarks on its journey as a publicly traded company,” added Juan Pablo Zucchini, Managing Partner in Advent’s São Paulo office. “In our role on the Board of Directors, we look forward to maintaining our support of GBT’s positive momentum. Over the duration of our partnership, GBT has shown tremendous actualized growth and we are confident in GBT’s continued success moving forward.”
“Through a six-year transformation process that began with the acquisition of Biotoscana in Colombia in 2011, we have successfully grown GBT through the strategic acquisition and integration of three strong, complementary businesses: Biotoscana, United Medical and Laboratorio LKM. We are proud to have supported GBT as it became the first Latin American specialty pharmaceutical company with a truly pan-regional presence, and we look forward to continued success in the future,” said Mauricio Salgar, Managing Director in Advent’s Bogotá office.
ABOUT GRUPO BIOTOSCANA
Grupo Biotoscana (GBT) is a biopharmaceutical group that operates in the fast-growing Latin American region and focuses on rapidly growing market segments such as infectious diseases, oncology and onco-hematology, special treatments, immunology and inflammation and orphan/rare diseases, among others. GBT is currently present throughout 10 Latin American countries where it operates under its companies Biotoscana, United Medical and LKM. GBT‘s strong portfolio combines world-class licenses and proprietary products.
To find out more about Grupo Biotoscana, please go to:
ABOUT ADVENT INTERNATIONAL
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 325 private equity transactions in 41 countries and as of March 31, 2017, it had $39 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information visit:
Dana Gorman or Emily Ward
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Tel: +55 11 3817 2131
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