ICFG France advises on the sale of Straight
Carmin Finance, ICFG member based in Paris, has advised a group of private investors in the sale of wholesale pharmacy distributor, Straight. Straight, an innovative wholesaler and distributor serving the whole of France from one single site has been sold to Horizon Pharma.
Horizon Pharma is one of the companies belonging to a group which specialises in logistics and IT for the Pharmacy sector. Through the acquisition, Horizon Pharma now commands a national position.
Christophe Pothier, Partner at Carmin Finance commented:
“We had a lot of interest in bringing together two coherent business models in a fast-changing highly fragmented sector, with a strong growth in e-commerce.”