Manichem Group Sale | Delivering return on investment
27 March 2019
Manichem sold to Enimed in a landmark M&A transaction advised by Pharmacy Seekers
Enimed, the independent regional community pharmacy group, has acquired the Manichem Group in a transaction led by Pharmacy Seekers. The deal has seen Enimed Group expand its number of outlets by 19, resulting in 26 under its ownership post-acquisition. The value and terms of the transaction are undisclosed.
Andy Harwood, co-founder at Pharmacy Seekers and lead advisor on the transaction, said: “This is a game- changing transaction in independent pharmacy and makes a really big statement, signalling strong confidence in a very robust sector.” He continued: “We are delighted to have secured a successful sale transaction through a discreet M&A process advising Manichem. This is an excellent deal for both parties and has created a significant platform for Enimed Group’s expansion. We wish every success to Vikash Patel, the owner of Enimed Group in starting this exciting new chapter.”
“Once again, this transaction highlights the importance of specialists in being able to access the right contacts
at the right level, deep sector knowledge and intensive research, leading to the completion of the final-stage negotiations with the successful acquirer in a timely manner. We are seeing more and more substantial mandates on both buy-side and sell-side as pharmacy owners seek to realise value.”
The Vendors commented: “Pharmacy Seekers understood the complexities involved with selling a Pharmacy group and brought their considerable knowledge and experience to structure the transaction. With the number of properties involved, it was as much a property deal as it was a Pharmacy one. Pharmacy Seekers recognised what both parties were looking to achieve. They were proactive throughout the process and their commercial approach proved invaluable in resolving issues.”
With over 250 pharmacy transactions completed, Pharmacy Seekers are the specialist pharmacy transfer agents for those serious about realising the value of their pharmacy sale. A team of four nationwide consultants with deep regional knowledge and over 80 years experience in the pharmacy sector combined will provide personal, end to end, director level support for your pharmacy sale. A substantial buyer database means that your pharmacy will be presented for sale to credible purchasers very early in the process maximising completion rate and sales value.
Andy Harwood | Co-founder, Director | South
Robert Miller | Co-founder, Director | South
Steve Jeffers | Northwest Consultant
Chris Ball | East Midlands and North East Consultant
If you are considering selling your pharmacy and need the support of the pharmacy specialists get in touch with our team on 0800 195 7518 for a no obligation discussion about preparing your pharmacy for sale.