Black Toro Capital has taken over the Production Unit of Antibioticos S.A.U., a biopharma manufacturing company that develops, manufactures, sells and distributes a broad range of high quality, low cost generic pharmaceutical products, focusing on active pharmaceutical ingredients (APIs) for penicillin-based antibiotics. Antibioticos produces generic antibiotics and complex APIs for other pharmaceutical companies. The new company will start operating today under the name Antibioticos de Leon S.L.U. and will base its headquarters and working centres in Antibioticos’ de Leon current facilities.
This transaction lays several milestones, including the first Production Unit sale in Leon in an insolvency proceeding. BTC, through its 35 Million Euro investment commitment, has been able to preserve Antibioticos as a leading company in the pharmaceutical sector, as well as keep 170 job positions.
Antibioticos’ production unit is the largest state of the art biotech fermentation facility in Southern Europe meeting all applicable current Good Manufacturing Practices (“GMP”) requirements under US, European, Japanese and other applicable quality standards.
Commenting on this transaction, Ramon Betolaza, Black Toro Capital’s partner said:
“We are proud of our strategic commitment with Leon and with the Spanish industry. We certainly know that with our energy, financial support and this excellent team, Antibioticos will return to its leadership position in the pharmaceutical sector”.
The new Chairman of Antibioticos, Dr. Rafael Beaus has extensive experience in the pharmaceutical sector and is one of the worldwide renowned experts in antibiotics production. Regarding this new stage in the company, Beaus expressed: “Antibioticos is one of the most sophisticated and advanced plants in APIs manufacturing worldwide, as well as a company with a highly qualified workforce. Our industrial plan will turn Antibioticos into Europe’s leading company in APIs manufacturing”.
For its part, Juan Molins, CRO of Antibioticos de Leon, believes that “a new stage is coming for Antibioticos de Leon. We are currently facing a complex situation that needs everyones commitment in order to return this company to the place deserved. During the following months, we will dedicate our efforts to build a new company able to compete in a highly competitive global market”. Juan Molins has wide experience in the acquisition and launch of Production Units, having participated in the purchase of Cacaolat, Mecanotubo and Pujol Metal Casting, among others.
At the transaction signing, Black Toro Capital’s team wanted to thank the insolvency trustees, ABC profesionales concursales S.L.P. and Lener, administraciones concursales, S.L., for their efforts in recent years to keep alive the possibility of preserving Antibioticos´ Production Unit, achieving the objective of safeguarding the maximum job positions and the city of Leon’s productive fibre. Furthermore, BTC wanted to thank trade unions for their sacrifice and efforts in order to come to an agreement. All efforts will be made to maintain and increase Antibióticos´ de Leon full occupation.