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Redcliffe Partners Assists CVC Obtain Ukrainian Merger Clearance for Acquisition of Recordati from FIMEI

Redcliffe Partners Assists CVC Obtain Ukrainian Merger Clearance for Acquisition of Recordati from FIMEI

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Redcliffe Partners has advised CVC Capital Partners on its acquisition of Recordati S.p.A. from the shareholders of FIMEI. Pedersoli Studio Legale advised FIMEI on the sale.

Clifford Chance acted as global legal counsel to CVC and Redcliffe Partners advised on obtaining merger clearance from the Ukrainian competition authority. 

FIMEI owns approximately 51.8% of the shares of Recordati S.p.A.

The transaction value is approximately EUR 3 billion, implying a price of EUR 28 per Recordati S.p.A. share. The consideration will be payable as approximately EUR 2.3 billion in cash and EUR 750 million in subordinated long-term debt securities.

CVC is a private equity company with 24 offices across the globe. According to Redcliffe Partners, through its expertise and global healthcare network CVC will expand Recordati’s rare disease business and accelerate its growth strategy as a leading global company in the pharmaceutical industry.

Recordati is an international pharmaceutical group, dedicated to research, development, manufacturing, and marketing of pharmaceuticals. The Recordati Group offers a wide range of innovative pharmaceuticals in a number of therapeutic areas including a specialized segment dedicated to treatments for rare diseases.

Redcliffe’s team consisted of Counsel Anastasia Usova, Senior Associate Nataliya Kovalyova, and Associate Tetyana Smurova.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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