Advent Internacional’s $124 Million Acquisition of Grupo Farmacéutico SOMAR S.A.P.I. de C.V.


Galicia Abogados and Creel, García-Cuéllar, Aiza y Enríquez advised on the deal.

Endo International plc has entered into a definitive agreement to sell Mexico City-based Grupo Farmacéutico SOMAR to Advent International for approximately $124 million subject to customary adjustments for cash, debt and working capital.

The transaction is expected to close in the second half of 2017, subject to customary conditions, including the approval of the Mexican Competition Commission. Endo intends to classify the SOMAR assets and liabilities as held-for-sale in second-quarter 2017 and consequently expects to record an estimated pre-tax impairment charge of approximately $100 million, primarily impacting the carrying balances of goodwill and other intangible assets. Endo will finalize its analysis and record any required impairment charges in connection with its second-quarter 2017 financial reporting close.

Galicia Abogados advised Advent International with Arturo Perdomo (Picture), Christian Lippert, Ricardo García, Ramiro Sandoval and Paola Cravioto.

Creel, García-Cuéllar, Aiza y Enríquez advised Endo Pharmaceuticals with Jorge Montaño, Eduardo González, Omar Zuñiga, Mauricio Serralde, Gerardo Zimbrón, Paola Carrasco, Jorge Kargl, Alejandro Castelló and Eduardo Brandt.

Involved fees earner: Jorge Montaño Valdés – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo González – Creel, García-Cuéllar, Aiza y Enriquez SC; Gerardo Zimbrón – Creel, García-Cuéllar, Aiza y Enriquez SC; Omar Zúñiga Arroyo – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo Brandt – Creel, García-Cuéllar, Aiza y Enriquez SC; Mauricio Serralde – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Kargl Pavia – Creel, García-Cuéllar, Aiza y Enriquez SC; Arturo Perdomo – Galicia Abogados, S.C; Christian Lippert H. – Galicia Abogados, S.C; Ricardo García Giorgana – Galicia Abogados, S.C; José Ramiro Sandoval García – Galicia Abogados, S.C; Paola Cravioto G. – Galicia Abogados, S.C;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Galicia Abogados, S.C;

Clients: Advent International; Endo Pharmaceuticals Inc.;