Henry Schein’s Acquisition of Majority Interest In HS Animal Health Holdings Brazil

Machado, Meyer, Sendacz e Opice and Demarest advised on the deal

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care products and services to office-based dental, animal health, and medical practitioners, has acquired a 60 percent ownership investment in ABASE, a family-owned distributor of veterinary health care products with a strong presence in Brazil’s Campinas region in the state of Sao Paulo.

Headquartered in Jaguariuna, ABASE sells pharmaceuticals, pet food, diagnostic equipment, and consumables primarily to the companion animal, swine, poultry, and bovine segments. ABASE had 2017 revenues of approximately $27 million.

Henry Schein expects the transaction to be neutral to its 2018 earnings per share and to be accretive thereafter. Financial terms were not disclosed.

Henry Schein, Inc. distributes healthcare products and services including practice management software to office-based healthcare practitioners. The company, led by Stanley M Bergman, James P Breslawski and David C McKinley, in 2016 recorded $11.571 Billion Revenues.

Machado, Meyer, Sendacz e Opice advised HS Animal Health – operating as a subsidiary of Henry Schein – with Adriana Pallis (Picture) Elie Sherique, Daniel Jacintho, Paula Soncini and Murilo Bertoldi.

Demarest advised Abase Comércio e Representações Ltda. with José Diaz, Thereza Montoro, Eloisa Curi, Eduardo Kiss, Paola Pugliesi,  Renato Canizares, Marina Maccabelli, Patrick Noronha Lobo and  Fabianna Morselli.

 

Involved fees earner: José Setti Diaz – Demarest; Thereza Maria Sarfert Franco Montoro – Demarest; Eloisa de Almeida Rego Barros Curi – Demarest; Eduardo Amaral Gurgel Kiss – Demarest; Paola Pugliese – Demarest; Fabianna Morselli – Demarest; Renato Canizares – Demarest; Patrick Noronha Lobo – Demarest; Marina Maccabelli – Demarest; Adriana Pallis – Machado, Meyer, Sendacz e Opice; Elie Sherique – Machado, Meyer, Sendacz e Opice; Daniel Jacintho – Machado, Meyer, Sendacz e Opice; Paula Soncini – Machado, Meyer, Sendacz e Opice; Murilo Bertoldi – Machado, Meyer, Sendacz e Opice;

Law Firms: Demarest; Machado, Meyer, Sendacz e Opice;

Clients: HS Animal Health Holdings Brazil S.A.; Abase Comercio e Representacoes Ltda;