Law firm Taylor Wessing Prague provided comprehensive legal advice to the German Biotest group, a specialist in innovative haematology, clinical immunology and intensive care medicine, and to its subsidiary Plasma Service Europe with respect to its acquisition of Czech company Cara Plasma s.r.o., which operates plasma centers in the Czech Republic.
Taylor Wessing´s complex legal services included among others a due diligence in Cara Plasma, drafting and negotiating the contractual documentation including a call option and loan and security arrangements as well as closing assistance.
Cara Plasma operates Prague´s most modern plasma center, which is also one of the European top 10. "We are pleased to assist in such a prestigious transaction where both parties are market leaders with high reputations" commented Thilo Hoffmann, the Taylor Wessing Prague Partner, who led the project team, adding that, “due to the extensive industry-specific knowledge and focus on the life science sector of our law firm we were able to understand the intentions of our client and therefore assist him in the best possible way.”
Hoffmann has extensive experience in all areas of Corporate and M&A. Denisa Rajdová also worked on the project.
Taylor Wessing Prague provided the aforementioned comprehensive legal services between March and July 2017. The parties agreed to keep the terms and conditions of the transaction confidential.
Biotest is a specialist in innovative haematology, clinical immunology and intensive care medicine. Biotest develops, manufactures and markets plasma proteins and biotherapeutic drugs. The value chain extends from pre-clinical and clinical development to worldwide marketing and distribution. Biotest manufactures immunoglobulins, clotting factors and albumins which derive from human blood plasma. Biotest also develops monoclonal antibodies in the indications of cancer of plasma cells and systemic lupus erythematosus which are produced by recombinant technologies. Biotest currently employs more than 2,500 people worldwide.
About Cara Plasma s.r.o.:
Company Cara Plasma s.r.o. was founded in 2013 as a Czech family company and established a state-of-the-art blood collection center in Prague which is one of Europe´s top 10. The center was opened in September 2013.
About Taylor Wessing:
Taylor Wessing is a full-service international law firm. More than 1,200 lawyers advise clients in the world’s most dynamic industries. The law firm has a single-minded approach to advising all clients, helping them succeed by thinking innovatively about their business issues. Taylor Wessing lawyers support clients wherever they want to do business. The 33 offices in Europe, the Middle East, Asia and the USA blend the best of local business, industry and cultural knowledge with international experience to provide astutely commercial solutions for our clients.