Dechert Advises Sofinnova Partners on Its Strategic Partnership With Apollo
May 17, 2022
Dechert advised Sofinnova Partners, a leading European life sciences venture capital firm based in Paris, London, and Milan, in connection with a long-term strategic and financial partnership in life sciences with Apollo, a global, high-growth alternative asset manager.
Under the agreement, Apollo will take a minority equity interest in Sofinnova and commit up to €1 billion of managed capital to Sofinnova’s existing funds and in future strategies. This global strategic partnership is poised to significantly accelerate Sofinnova’s growth. For Apollo, the investment will meaningfully increase its presence in life sciences and contribute to its growth ecosystem of highly specialized partners.
The transaction is subject to customary closing conditions, including prior authorization by the French Autorité des Marchés Financiers, and is expected to close in the second half of 2022.
Dechert’s team was led by M&A partner Alain Decombe and also included tax and fund formation partner Sabina Comis, M&A partner Ermine Bolot, fund formation partner Cyril Fiat, M&A national partner Delphin Boucher, tax associates Etienne Bimbeau and Pierre-Emmanuel Floc'h, M&A associates Pierre-Henri Brieau, Yan Boistay and Mathilde Duchamp and fund formation associate Antoine Pian.
About Dechert
Dechert is a leading global law firm with 22 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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