CMS wins 2019 CEE Deal of the Year for pharma acquisition
International law firm CMS has been recognised for its work advising Advent International and its portfolio company Zentiva on the acquisition of the CEE business of global generic and over-the-counter (OTC) pharmaceuticals manufacturer Alvogen. The transaction was named 2019 CEE Deal of the Year by CEE Legal Matters.
The acquisition brought together two leading branded generics and OTC businesses in the CEE region, with complementary strengths, product portfolios, geographical footprints and cultures. Prague-based Zentiva has been able to extend its geographical footprint with the acquisition of Alvogen, which markets over 200 generic and OTC products across multiple therapeutic areas with leading market positions in over 14 key CEE jurisdictions, including Russia, Romania, Bulgaria, Poland and the Balkans.
Helen Rodwell, who led the CMS’ deal team, comments: “We are delighted that our work advising on Zentiva’s acquisition of Alvogen has been recognised as the 2019 CEE Deal of the Year. This title is indicative of the incredibly talented and skilful team of lawyers at CMS and we are proud to have been involved in such a strategic, multi-jurisdictional and sector-focused transaction.”
The CMS cross-border Corporate team that advised Advent International and Zentiva was led by Helen Rodwell and supported by Frances Gerrard, Markéta Franková, Pavel Dřímal, Tristan O’Connor and Moritz Kopka (Prague); Atanas Bangachev (Sofia); Horea Popescu and Claudia Popescu (Bucharest); Aniko Kircsi and Peter Toth (Budapest); Rafal Zwierz and Gregorz Paczek (Warsaw); and David Cranfield and Maxim Gubanov (Moscow); with John Markham and Madeeha Anthony (London) advising on competition law aspects as well as an extended team of more than 80 lawyers based across the Czech Republic, Romania, Bulgaria, Hungary, Poland, Russia, UK, Luxembourg, Netherlands and the Balkans.
The deal was also named 2019 Czech Republic Deal of the Year by CEE Legal Matters in April 2020, one of four winning regional deals that CMS advised on, including in Bulgaria, Montenegro and North Macedonia.