Novo Holdings’ Acquisition Of BBI Group

Allen & Overy advised Exponent Private Equity on the deal. Kromann Reumert and Latham & Watkins assisted Novo Holdings.

Exponent Private Equity sold BBI Group to Novo Holdings, a global investor in life sciences companies, for an enterprise value of over £400 million.

BBI is a leading supplier of products and services to the global diagnostics and life sciences industries, providing critical reagents and immunoassay development, lateral flow development, diagnostic manufacturing services, and smartphone reader technologies.

The A&O team advising Exponent was led by private equity partner Gordon Milne (Picture) with senior associate Jeremy Wilkins, associates Beth Tulley and Felix Jiang and trainee, Angela Chan. The wider team included leveraged finance partners Neil Sinha and Adam Zecharia with senior associate James Green and associate Chris Watkins; tax counsel Tim Harrop with associates Patrick Rohan and Sorsha Reilly; and antitrust partner Alasdair Balfour with senior associate David Weaver, associate Conor Slowey and trainee Alexander Westin-Hardy.

The Kromann Reumert team included Christian Lundgren, Jakob Hans Johansen, Kumaran Thavarajah, Thomas Kaas, Hillary Roberts, Sophia Solyanyk, Daniel Loft, Anne Cathrine Dahlgaard Hansen and Emil Carstensen.

The Latham team was led in London by corporate partner Robbie McLaren, with associates Emily Cridland and Devdeep Ghosh. Advice on life science matters by was provided by associates Frances Stocks Allen, Sara Patel, Oliver Mobasser, Mihail Krepchev, Oscar Bjartell, Lorenzo Meusburger, and Luke Vaz.

Involved fees earner: Alasdair Balfour – Allen & Overy; James Green – Allen & Overy; Tim Harrop – Allen & Overy; Gordon Milne – Allen & Overy; Sorsha Reilly – Allen & Overy; Patrick Rohan – Allen & Overy; Neil Sinha – Allen & Overy; Conor Slowey – Allen & Overy; Beth Tulley – Allen & Overy; Chris Watkins – Allen & Overy; David Weaver – Allen & Overy; Jeremy Wilkins – Allen & Overy; Adam Zecharia – Allen & Overy; Emil Carstensen – Krogerus Attorneys Ltd; Anne Cathrine Dahlgaard Hansen – Kromann Reumert; Jakob Hans Johansen – Kromann Reumert; Thomas Kaas – Kromann Reumert; Daniel Loft – Kromann Reumert; Christian Lundgren – Kromann Reumert; Hillary Roberts – Kromann Reumert; Kumaran Thavarajah – Kromann Reumert; Oscar Bjartell – Latham & Watkins; Emily Cridland – Latham & Watkins; Devdeep Ghosh – Latham & Watkins; Mihail Krepchev – Latham & Watkins; Robbie McLaren – Latham & Watkins; Lorenzo Meusburger – Latham & Watkins; Oliver Mobasser – Latham & Watkins; Sara Patel – Latham & Watkins; Frances Stocks Allen – Latham & Watkins; Luke Vaz – Latham & Watkins;

Law Firms: Allen & Overy; Krogerus Attorneys Ltd; Kromann Reumert; Latham & Watkins;

Clients: Exponent Private Equity; Novo Holdings A/S;

Author: Federica Tiefenthaler