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Deloitte Ireland’s M&A Team acts as lead advisor to shareholders of Medisource Ireland Limited on sale to DCC Plc
Deloitte Ireland’s M&A Team is pleased to announce it has acted as lead advisor to the shareholders of Medisource Ireland Limited, a leading unlicensed medicine distribution business, in their sale to DCC Plc. The transaction obtained CCPC approval on January 18th.
Established in 2004, Medisource is a specialist in the procurement and sale of exempt medicinal products- pharmaceutical products which are imported with the authorisation of the Health Products Regulatory Authority (HPRA) to meet the requirements of specific patients where no suitable licensed product is available. The business, which employs 18 people in its offices in Kilcoole, Co. Wicklow will continue to be led by MD Paul Boland.
DCC is an international sales, marketing, distribution and business support services group headquartered in Leopardstown with revenues of £10.6 billion, employing over 10,500 people in 15 countries.
Deloitte’s M&A advisory team was headed by David O’Flanagan with Niall Glynn providing tax advice.
David O’Flanagan, Partner, commented, “We were delighted to advise the shareholders of Medisource in this transaction. This represents a great example of a well-managed, high growth, Irish indigenous company attracting PLC interest.”
The M&A team are part of the Deloitte Ireland Corporate Finance team which comprises 11 partners and 165 staff covering Mergers & Acquisitions, Debt and Capital Advisory, Restructuring Services and Forensics. The M&A team works closely with our international offices, ensuring we can provide specialist sector input and international reach to our clients, on both the buy-side and sell-side.
“We were delighted to advise the shareholders of Medisource in this transaction. This represents a great example of a well-managed, high growth, Irish indigenous company attracting PLC interest.” - David O'Flanagan, Partner, Corporate Finance
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