Nothing but negotiation

 
The Gap Partnership

THL 'could finalise Glaxo takeover'

THL is said to be in the lead to buy assets from Glaxo.

14 December 2011

Private equity firm Thomas H Lee Partners (THL) is said to be in the lead to acquire GlaxoSmithKline consumer health assets.

Merger and acquisition consultants may be approached for advice, as Bloomberg reports the two companies have not set a price and may not reach a deal, citing two people familiar with the matter.

"Glaxo is focusing on consumer assets it can globalise. These assets being sold are worth more to other companies with more of a regional focus," London-based analyst at UBS AG Gbola Amusa told the news provider.

The brands up for sale are mainly based in Europe and the US and accounted for ten per cent of Glaxo's revenue in 2010 - £500 million.

THL already acquired food marketing firm Acosta earlier this year, so an asset takeover would be the organisation's second major deal of the year.

Other private equity organisations have been showing interest in Nokia's Vertu brand, the Financial Times recently reported, which is up for sale as the mobile phone manufacturer attempts to stay afloat and compete with rivals such as Apple.

Posted by David Gleck

Sources: Bloomberg, December 14th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more