White & Case Advises Goldman Sachs Asset Management Division on Acquisition of Norgine
2 min read
Global law firm White & Case LLP has advised Goldman Sachs Asset Management Division on its acquisition of a controlling stake in leading European specialty pharmaceuticals company Norgine BV.
"The investment by Goldman Sachs will support the Stein family and Norgine's management in the next phase of the company's growth and in their mission to bring transformative medicines to patients across the globe," said White & Case partner Ken Barry, who co-led the Firm's deal team.
Norgine is a European specialty pharmaceutical company with a presence in 16 European countries, as well as Australia and New Zealand, and over 1,500 employees. Founded by the Stein family over a century ago, Norgine is a leading manufacturer of over 40 products including Movicol, Moviprep and Plenvu, all drugs used in the treatment of gastrointestinal disorders. Norgine has a proven track record in bringing life-changing medicines to patients that they may not otherwise have access and in 2021 helped 24 million patients around the world. Following the investment by Goldman Sachs Asset Management Division, the founding Stein Family will continue to own a significant stake in the company.
White & Case partner Marcus Booth, who co-led the Firm's deal team, said: "Our role advising on this deal highlights White & Case's position as a go-to firm for private equity investments in the pharmaceuticals sector."
As the primary investing area within Goldman Sachs, Goldman Sachs Asset Management Division delivers investment and advisory services for the world's leading institutions, financial advisors, and individuals. Driven by a passion for client performance, they build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception.
The White & Case team that advised on the transaction was led by partners Ken Barry (London) and Marcus Booth (London, Dubai), with support from associates Joe Bradley, Michael Skouras, Oliver Wilson (all London), Adnan Bekdur (London, Dubai), Andrea Petersen (Dubai), Hugh Brunjes (Abu Dhabi) and Tigran Saakyan (Moscow).
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