Advising Concordia Healthcare on US$3.5bn Transformational Deal

10 Sep 2015

International law firm Simmons & Simmons has advised Concordia Healthcare on its agreement with Cinven, a leading European private equity firm, to acquire Amdipharm Mercury Limited (“AMCo”) for approximately US$3.5bn.

Simmons & Simmons advised Concordia Healthcare on IP, pharmaceutical regulatory, pensions and employment law in the UK and the Netherlands.

Simmons & Simmons’ advice on the IP and regulatory integrity of the contractual matrix underlying AMCo’s key products was a vital component of the transaction, which is expected to transform Concordia’s growth platform. The deal provides Concordia with a well-diversified niche portfolio, as well as entry into new therapeutic areas such as endocrinology, ophthalmology and urology.

Advice from the team at Simmons & Simmons was led by partner Angus McLean, assisted by fellow IP partners Richard Binns and Michael Gavey, as well as associates Lydia Torne, Nicola Walles, James Agnew, Adrian Dykes and trainee solicitor Ahmed Alani, on the IP and pharmaceutical regulatory aspects in the UK. Dutch IP and regulatory advice was provided by Machteld Hiemstra, Heleen Biesheuvel and Paul Tjiam in the firm’s Amsterdam office.

UK pensions and Incentives advice was also provided by partners Danny Tsang and Ian Fraser, supported by associates Ed Smith, Emma Richardson and Bronwyn Colgan, with associates Anna Shelley and Peter Lockwood advising on UK employment law aspects. 

Commenting on the transaction, Angus McLean, said: ‘‘This was an exciting transaction on which we were delighted to deliver value to Concordia and assist the future growth of its business, through our extensive life sciences sector expertise and top tier intellectual property and employment practices.’’

Concordia’s Vice President, Legal Affairs, Francesco Tallarico, commented: ‘‘We instructed Simmons & Simmons firstly on the strength of their reputation for advising life sciences businesses on complex IP and regulatory matters. Their knowledge and advice was invaluable in this transaction and they continue to deliver a first class service on all fronts. We look forward to working with them again.’’

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  5. Concordia was also advised by Fasken Martineau (IP and pharmaceutical regulatory law advice in Canada and South Africa, as well as Corporate Finance and Banking advice on the wider transaction) and Clayton Utz and Trilegal (Employment advice in Australia and India respectively). Sullivan & Cromwell advised on the M&A and Corporate Finance aspects of the transaction in the UK.

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