White & Case Advises Bank Consortium on Debt Financing for Zentiva's Acquisition of Alvogen's CEE Business

Press Release
1 min read

Global law firm White & Case LLP has advised Morgan Stanley, Goldman Sachs, Jefferies and Unicredit as mandated lead arrangers on the debt financing for Zentiva's acquisition of Alvogen's business in Central & Eastern Europe (CEE).

"The deal adds to our long track record of advising leading banks as they act on significant cross-border transactions across EMEA," said White & Case partner Ben Wilkinson, who led the Firm's deal team.

The terms of the acquisition have not been disclosed. The divested CEE platform includes more than 200 generic and over-the-counter (OTC) products across multiple therapeutic areas which cover 14 key regional markets.

Alvogen is a global, privately-owned pharmaceutical company focused on developing, manufacturing and selling generic, brand, OTC medicines and biosimilar products for patients around the world. It has commercial operations across Asia-Pacific and the US and R&D centers in the US, South Korea, and Taiwan.

Zentiva employs more than 3,000 people and produces affordable medicines serving patients in Europe and beyond from a network of production sites, including flagship sites in Prague and Bucharest.

The White & Case team in London which advised on the transaction was led by partner Ben Wilkinson and included associates Sylvana Lee and Rizwan Latif. 

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