EQT’s Acquisition Of A Majority Interest in Aldevron


Simpson Thacher represented EQT VIII Fund in its announced definitive agreement to acquire a majority interest in Aldevron.

Founders, management and TA Associates will retain a minority stake.

Founded in 1998 by Michael Chambers and John Ballantyne, Aldevron is the leading global supplier of GMP, GMP-SourceTM and Research Grade plasmid DNA used in commercial, clinical and research stage gene therapies, as well as proteins, antibodies and mRNA. Aldevron’s custom development and manufacturing capabilities enable scientists worldwide to develop groundbreaking new therapies with a focus on quality, speed and innovation. Aldevron is based in Fargo, North Dakota and has additional operations in Madison, Wisconsin and Freiburg, Germany.

EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the U.S. with total sales of more than EUR 21 billion and approximately 127,000 employees.

Morgan Stanley & Co. LLC acted as financial advisor to EQT, and Simpson Thacher & Bartlett LLP provided legal counsel. Goldman Sachs acted as financial advisor to TA Associates, and Kirkland & Ellis LLP provided legal counsel.

The Simpson Thacher team includes Patrick Naughton (Picture), Naveed Anwar, Simon Chiu, Mark Underwood, Michael Schaeppi, Laura Berzins, Brittani Frink, Estell Lee and Megan Whitman (M&A); Jennifer Hobbs, Eli Isak and Oliver Sall (Credit); Jonathan Goldstein and Jacqueline Clinton (Tax); Jason Glover and Robert Lee (Private Funds); David Rubinsky, Patricia Adams and Jake Phillips (Employee Benefits and Executive Compensation); Sara Razi, Kelly Karapetyan and Tomi Mendel (Antitrust); Timothy Mulvihill and Adeeb Fadil (Environmental); Lori Lesser and Alysha Sekhon (Intellectual Property); and Krista McManus (Real Estate). Summer Associates Marina Hernandez and Tom Hao provided valuable assistance.

Involved fees earner: Patricia Adams – Simpson Thacher & Bartlett; Naveed Anwar – Simpson Thacher & Bartlett; Laura Berzins – Simpson Thacher & Bartlett; Simon Chiu – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Jung Eun Lee – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Brittani Frink – Simpson Thacher & Bartlett; Jason Glover – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Tom Hao – Simpson Thacher & Bartlett; Marina Hernandez – Simpson Thacher & Bartlett; Jennifer Hobbs – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Robert Lee – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Patrick Naughton – Simpson Thacher & Bartlett; Jacob Phillips – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Oliver Sall – Simpson Thacher & Bartlett; Michael Schaeppi – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Mark Underwood – Simpson Thacher & Bartlett; Megan Whitman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: EQT VIII Fund;

Author: Ambrogio Visconti