Freshfields advises Advent and Zentiva on Zentiva’s acquisition of Alvogen’s CEE business
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised global private equity investor Advent International and its European medicines producer Zentiva on Zentiva’s acquisition of the Central and Eastern European business of Alvogen, the global pharmaceutical company.
Alvogen CEE markets over 200 generic and over-the-counter products across multiple therapeutic areas, consisting of highly recognised brands like Lactacyd, Persen, EuBiotic and many more with leading market positions in 14 key markets across CEE including; Russia, Romania, Bulgaria, Hungary, Poland and Balkan markets.
This transaction brings together two leading branded generics and OTC businesses in the CEE region, with complementary strengths, product portfolios, geographical footprints and cultures. The transaction is expected to close in the first quarter of 2020, subject to customary approvals.
The multi-jurisdictional Freshfields team was led by James Scott and Vincent Bergin in London. They were supported by healthcare and carve-out experts Jochen Dieselhorst and Lutz Dralle, tax partner Helen Lethaby and antitrust partner Alan Ryan.
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