Dentons has advised Yonsung Group on the deal.
The South Korean Yonsung Group executed its acquisition of German-based pharmaceutical manufacturer Arevipharma. Through this transaction, the parties will expand and internationalize Arevipharma’s active ingredient business and innovate and invest in its Radebeul production site. The two companies also intend to benefit from synergies between Yonsung’s research-centered and long-term oriented business philosophy and Arevipharma’s established industrial network through the merger. The parties have agreed not to disclose the purchase price.
Yonsung Fine Chemicals was founded in 2000 as spin-off of Sungkyunkwan University in Seoul. The company is one of the world’s leading suppliers of Prostaglandin products and is focused on highly potent substances. In addition, the company has also started to develop its own finished medicinal products. Over the last three years, Yonsung group has more than doubled in revenue through proprietary development projects and patents, and in 2020, it achieved a turnover of more than US$50 million.
Arevipharma is a medium-sized manufacturer of generic and originator active pharmaceutical ingredients (API) and intermediates, which operates from a production site in Radebeul near Dresden. The product portfolio currently comprises more than 30 active pharmaceutical ingredients for various therapeutical areas in human and veterinary medicine.
Dentons has advised Yonsung Group with a team in Munich which included Thomas Strassner (Partner, co-lead; Picture), Christopher Mayston (Counsel, co-lead, both Corporate), Dr. Matthias Nordmann (Partner, Competition), René Dubois (Partner, Real Estate), Dr. Andreas Berberich (Counsel, Tax), Alexander Reiner, Dr. Raphael Won-Pil Suh (both Counsel, both Corporate/M&A), Jessica Vorster (Senior Associate, Real Estate), Anja Stalter (Senior Associate), Pablo Albrecht (Associate), Caglagül Koz (Associate, all Corporate/M&A). Dentons team in Frankfurt included Frank Lenzen (Partner), Wiebke Schulz (Senior Associate, both Employment and Labor). Dentons team in Berlin included Dr. Maria Brakalova (Counsel, Foreign Trade Law), Laura Appell (Senior Associate, Real Estate).
Involved fees earner: Pablo Albrecht – Dentons; Laura Appell – Dentons; Andreas Berberich – Dentons; Maria Brakalova – Dentons; René Dubois – Dentons; Caglagül Koz – Dentons; Frank Lenzen – Dentons; Christopher Mayston – Dentons; Matthias Nordmann – Dentons; Alexander Reiner – Dentons; Wiebke Schulz – Dentons; Anja Stalter – Dentons; Thomas Strassner – Dentons; Jessica Vorster – Dentons; Raphael Won-Pil Suh – Dentons;
Law Firms: Dentons;
Clients: Hyonsung Group;