UDG Healthcare buys Galliard Healthcare Communications (‘Galliard’) and Nyxeon (‘Nyxeon’) for up to £13m
· 8th July 2014: UDG Healthcare plc, a leading international provider of healthcare services, announces that it has acquired the specialist healthcare and scientific public relations (PR) businesses, Galliard and Nyxeon (via the acquisition of MFRHRC Holdings Limited).
· MFRHRC Holdings Limited is being acquired for a maximum of £13m plus net assets, payable over the next 3 years.
· D5 Capital, the specialist media & technology corporate finance group, advised Galliard & Nyxeon.
D5 Capital introduced Galliard and Nyxeon to UDG Healthcare in the knowledge that adding healthcare and scientific public relations to UDG’s global healthcare communications business (Ashfield Healthcare Communications) would help create a powerful force in healthcare marketing. D5 Capital helped to structure the deal and negotiate the contract of sale.
Galliard and Nyxeon are headquartered in London and employ 33 people who provide services to global pharmaceutical companies, healthcare-related organisations and charities. The specialist PR services offered by the agencies include; media relations, issues management, scientific & medical education, corporate and employee communications. Galliard was created in 2000 by Marika Freris (previously at Hill & Knowlton) and Rosemary Hennings (previously at The Welcome Trust Limited); Roland Carreras (Managing Partner) subsequently joined Galliard from BUPA in 2002.
Commenting on the announcement, Roland Carreras, Managing Partne