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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.

Redcliffe Partners at a Glance

Redcliffe Partners is a leading Ukrainian law firm that provides a full range of legal services to large national enterprises, international companies, financial institutions and private investors who are conducting business or investment activities in Ukraine.

We are involved in the majority of the largest and most complicated transactions and litigation cases in Ukraine.

Redcliffe is a top-tier law firm in Ukraine, being Tier 1 in all of our key practices: Banking, Energy and M&A according to Legal 500 2019.

The basis of our work and dynamic development is a powerful international team, practical experience in the most active business sectors, and impeccable professional ethics and business transparency.

Firm's website: www.redcliffe-partners.com