Bridge Financing to Thermo Fisher Scientific in Connection with Thermo Fisher’s $7.2 Billion Acquisition of Patheon

Simpson Thacher is representing Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC in connection with a bridge financing to Thermo Fisher Scientific Inc. in its announced tender offer for the acquisition of Patheon N.V for approximately $7.2 billion (including the assumption of debt).

The proceeds of the bridge facility will be available to finance the acquisition, to repay certain indebtedness of Patheon and to pay fees and expenses related thereto.

Thermo Fisher, the world leader in serving science, has approximately 50,000 employees and serves customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. Patheon is a Netherlands-based leading provider of formulation development services, active pharmaceutical ingredient manufacturing, and finished dose manufacturing services to biopharmaceutical companies.

The Simpson Thacher team includes Patrick Ryan (Picture), Ismael Duran and Christine Marshall (Banking and Credit); Mark Brod, Tadashi Okamoto and Jonathan Zane (Capital Markets); Edward Chung (Mergers & Acquisitions), Robert Holo and Morgan Otway (Tax); Larry Moss and Christopher Scavone (Executive Compensation and Employee Benefits); Lori Lesser, Amber Harezlak and Larry Huang (Intellectual Property); and Michael Isby (Environmental).

 

Involved fees earner: Patrick Ryan – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Christine Marshall – Simpson Thacher & Bartlett; Mark Brod – Simpson Thacher & Bartlett; Tadashi Okamoto – Simpson Thacher & Bartlett; Jonathan Zane – Simpson Thacher & Bartlett; Edward Chung – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Christopher Scavone – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Lawrence Huang – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Goldman, Sachs & Co.;

 

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Author: Ambrogio Visconti