{"id":594000,"date":"2019-10-16T04:13:30","date_gmt":"2019-10-16T04:13:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/"},"modified":"2019-10-16T04:13:30","modified_gmt":"2019-10-16T04:13:30","slug":"rx-health-care-fund-to-acquire-80-85-of-united-pharma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/","title":{"rendered":"RX Health Care Fund to acquire 80-85% of United Pharma"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><b> M&A WATCH- Is a United Pharma acquisition finally going to materialize?<\/b> EFG Hermes-owned <a href=\"http:\/\/www.rxhealthmanagement.com\/\">RX Health Care Fund<\/a> is expected to sign a final agreement to acquire 80% of United Pharma in a transaction worth more than EGP 366 mn by the end of the month, <a href=\"https:\/\/alborsaanews.com\/2019\/10\/15\/1254779\">sources close to the transaction told the local press<\/a>. If the transaction goes through, United Pharma is expected also executed an EGP 100 mn capital increase through a rights issue to shareholders, which would then see RX\u2019s stake in the company rise to 85%. All proceeds from the acquisition and subsequent capital increase will be used to expand United Pharma\u2019s production facility, including adding new production lines and manufacturing new products.<\/p>\n<p><b>Background:<\/b> United Pharma has nearly beens old a number of times in the past two years. In January 2018, it rejected <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/28\/united-pharma-iv-acdima-merger-falls-apart\/\">ACDIMA\u2019s EGP 320 mn offer<\/a> on the grounds that it undervalued the company, which it estimated at EGP 600 mn. A year earlier, <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/20\/united-pharma-iv-solutions-receives-3-acquisition-offers-from-saudi-local-investors\/\">three Saudi and local investors also made an offer for 100% of the company<\/a>, which United Pharma refused because it did not want to sell it entirely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Is a United Pharma acquisition finally going to materialize? EFG Hermes-owned RX Health Care Fund is expected to sign a final agreement to acquire 80% of United Pharma in a transaction worth more than EGP 366 mn by the end of the month, sources close to the transaction told the local press. If [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[84,72,427,5689,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594000","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-efg-hermes","tag-enterpriseam","tag-pharma","tag-rx-healthcare-fund","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d56bfb47-4f44-44cf-a0aa-fb6f5971b19b","is_powered_by":true,"section_story_id":"6b560a3f-9844-47d8-b99c-70110f021397","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593989],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RX Health Care Fund to acquire 80-85% of United Pharma - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RX Health Care Fund to acquire 80-85% of United Pharma\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Is a United Pharma acquisition finally going to materialize? EFG Hermes-owned RX Health Care Fund is expected to sign a final agreement to acquire 80% of United Pharma in a transaction worth more than EGP 366 mn by the end of the month, sources close to the transaction told the local press. If [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-16T04:13:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"RX Health Care Fund to acquire 80-85% of United Pharma\",\"datePublished\":\"2019-10-16T04:13:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EFG Hermes\",\"EnterpriseAM\",\"pharma\",\"RX Healthcare Fund\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\",\"name\":\"RX Health Care Fund to acquire 80-85% of United Pharma - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-10-16T04:13:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RX Health Care Fund to acquire 80-85% of United Pharma\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RX Health Care Fund to acquire 80-85% of United Pharma - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/rx-health-care-fund-to-acquire-80-85-of-united-pharma\/","og_locale":"en_US","og_type":"article","og_title":"RX Health Care Fund to acquire 80-85% of United Pharma","og_description":"M&A WATCH- Is a United Pharma acquisition finally going to materialize? 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Rx carried out the acquisition through Nutritius Investment Holdings, a special purpose vehicle established\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565443,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/rx-healthcare-to-acquire-80-of-dental-anesthesia-producer\/","url_meta":{"origin":594000,"position":1},"title":"Rx Healthcare to acquire 80% of dental anesthesia producer","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"EFG Hermes\u2019 Rx Healthcare Management is in the final stages of acquiring 80% of a local dental anesthesia producer in a transaction that could be worth as much as EGP 100 mn, local media reports. The acquisition is expected to be carried out via United Pharma, which EFG Hermes had\u2026","rel":"","context":"In &quot;SPEED ROUND: PRIVATE EQUITY WATCH&quot;","block_context":{"text":"SPEED ROUND: PRIVATE EQUITY WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-private-equity-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593331,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/rx-healthcare-finalizes-al-mottahedoon-pharma-acquisition\/","url_meta":{"origin":594000,"position":2},"title":"RX Healthcare finalizes Al Mottahedoon Pharma acquisition","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"M&A WATCH- Rx Healthcare Fund finalizes Al Mottahedoon Pharma acquisition: EFG Hermes\u2019 Rx Healthcare Fund has finalized its acquisition of an 80% stake in meds producer Al Mottahedoon Pharma, according to Al Mal. The fund purchased shares from individual investors, the newspaper says, without providing further details. The value of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573692,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/rx-healthcare-invests-egp-100-mn-in-united-pharma\/","url_meta":{"origin":594000,"position":3},"title":"Rx Healthcare invests EGP 100 mn in United Pharma","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"EFG Hermes\u2019 Rx Healthcare Management has invested EGP 100 mn in meds producer United Pharma to finance expansion plans that include modernizing factories and R&D to manufacture new medicines, Al Mal reports, citing unnamed sources. Rx Healthcare Fund acquired a majority stakein United Pharma late last year through Nutritius Investment\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560972,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/ebtikar-now-holds-80-of-bee-rx-healthcare-has-a-egp-1-bn-ma-pipeline\/","url_meta":{"origin":594000,"position":4},"title":"Ebtikar now holds 80% of Bee + Rx Healthcare has a EGP 1 bn M&#038;A pipeline","author":"enterpriseam admin","date":"21 March 2021","format":false,"excerpt":"Ebtikar now holds 80% of Bee after acquiring an additional 20% stake in the company held by software services company Techno Beez. The EGP 40 mn transaction officially closed yesterday, Al Mal reports, citing unnamed sources. Ebtikar, which already held a 60% stake in Bee before the transaction, is now\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598042,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/rx-healthcare-fund-to-finalize-al-mottahedoon-pharma-acquisition-next-week\/","url_meta":{"origin":594000,"position":5},"title":"RX Healthcare Fund to finalize Al Mottahedoon Pharma acquisition next week","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"M&A WATCH- RX Healthcare Fund to finalize Al Mottahedoon Pharma acquisition next week: EFG Hermes\u2019 RX Healthcare Fund is expected to finalize its acquisition of 80% of meds producer Al Mottahedoon by the end of next week, according to a local press report. 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