KKR, Permira pipped to Lohmann Animal Health by Eli LIlly

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drug pharma bottleBuyout houses KKR and Permira have missed out on buying Germany’s Lohmann Animal Health after being pipped to the asset by US drugmaking giant Eli Lilly.

Financial terms were not disclosed, although previous reports by Reuters suggested buyers were offering about €400m for the business.

Fellow animal health company Zoetis and German drugmaker Boehringer Ingelheim were also said to have made offers for Lohmann.

The company had €256m of sales last year and employs about 640 people.

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