Elanco Animal Health’s $7.6 Billion Acquisition Of Bayer Animal Health

Hengeler Mueller advised Elanco Animal Health on Bayer Animal Health Acquisition.

Elanco Animal Health Incorporated (NYSE: ELAN) announced it had entered into an agreement with Bayer AG (ETR: BAYN) to acquire its animal health business in a transaction valued at $7.6 billion. The transaction will be financed by a 70% cash/30% equity combination.

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition.

Elanco is a global animal health company that develops products and knowledge services to prevent and treat disease in food animals and pets in more than 90 countries.

Goldman Sachs acted as financial advisor to Elanco.

Hengeler Mueller advises Elanco on the acquisition together with Paul, Weiss, Rifkind, Wharton & Garrison LLP (team is led by Tarun Stewart, New York). The Hengeler Mueller team is led by partners Christian Möller (Picture) and Maximilian Schiessl (both M&A, Düsseldorf) and includes partners Hendrik Bockenheimer (Employment, Frankfurt), Wolfgang Kellenter (IP, Düsseldorf), Matthias Scheifele (Tax, München) and Dirk Uwer (Life Sciences / Public Law, Düsseldorf), counsel Markus Ernst (Tax, München), Benedikt Migdal (IP, Düsseldorf), Eckbert Müller (Employment, Frankfurt) and Ralf Willer (M&A, Berlin) as well as associates Oda Goetzke, Marc Seeger, Tianyuan Zhuang, Johannes Fütterer, Benedikt Statz, Alexander von Bernstorff (all Düsseldorf), Yenilee Icagic (Berlin) (all M&A), Susanne Koch (Life Sciences / Public Law), Julia Fischer, Norman Koschmieder (both Public Law) (all Düsseldorf), Marius Mayer (Employment) and Sebastian Heinrichs (Tax) (both Frankfurt).

Bank of America Merrill Lynch and Credit Suisse acted as financial advisors to Bayer, while Sullivan & Cromwell, PwC Legal and Linklaters acted as legal advisors.

Involved fees earner: Alexander von Bernstorff – Hengeler Mueller; Hendrik Bockenheimer – Hengeler Mueller; Markus Ernst – Hengeler Mueller; Julia Fischer – Hengeler Mueller; Johannes Fütterer – Hengeler Mueller; Oda Goetzke – Hengeler Mueller; Sebastian Heinrichs – Hengeler Mueller; Yenilee Icagic – Hengeler Mueller; Wolfgang Kellenter – Hengeler Mueller; Susanne Koch – Hengeler Mueller; Norman Koschmieder – Hengeler Mueller; Marius Mayer – Hengeler Mueller; Benedikt Migdal – Hengeler Mueller; Christian Möller – Hengeler Mueller; Eckbert Müller – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Maximilian Schiessl – Hengeler Mueller; Marc Seeger – Hengeler Mueller; Benedikt Statz – Hengeler Mueller; Dirk Uwer – Hengeler Mueller; Ralf Willer – Hengeler Mueller; Tianyuan Zhuang – Hengeler Mueller; Tarun Stewart – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Hengeler Mueller; Paul Weiss Rifkind Wharton & Garrison;

Clients: Elanco US, Inc.;