ONESOURCENSEOnesource Specialty Pharma LimitedHighPositive
Announced Fri, 26 Sept · 23:12 IST

Onesource Specialty Pharma Limited has informed the Exchange about Presentation on Merger and Other restructuring

Mgmt Guided Margin ImprovementPromoter Disclosed Acquisition PlansAnalyst Day Multiyear TargetsInvestor Communications View source PDF

ONESOURCE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

OneSource's Board has approved a major strategic transaction to acquire the European CDMO business of Steriscience (Singapore) and the Indian anti-infective business of Brooks Steriscience, significantly expanding its global capabilities and capacity. The deal values OneSource at $2.7 billion, an 18.6% premium to the September 26 closing price, with incoming assets valued at a relative discount — Steriscience at $520m equity (18.3x FY27 EV/EBITDA) and Brooks at $105m (10.4x). The acquisition adds a USFDA-approved EU sterile fill-finish site, the group's first 505(b)(2) product, and a vertically integrated carbapenem facility in India. The company has upgraded its FY28 outlook to $500M+ revenue and ~40% EBITDA margins (up from $400M), with incoming assets expected to contribute $100m revenue and ~40% EBITDA margins in FY27, adding 25.5% incremental EBITDA. Shareholders will see ~18.5% dilution, with the scheme expected to close in up to 15 months.

Likely market impact

This is a transformative acquisition that materially expands OneSource's scale, capabilities, and geographic footprint, supporting an upgraded FY28 financial outlook. However, the 18.5% dilution and lengthy 15-month closing timeline mean existing shareholders will bear short-term EPS dilution while waiting for synergies to materialize.