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Allen & Overy advises on Leonard Green and Novo Holdings' acquisition of WCG Clinical

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Todd Koretzky

Partner

New York

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Gupta Rajani
Rajani Gupta

Partner

New York

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Resnick Daniel
Daniel Resnick

Associate

New York

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15 January 2020

Allen & Overy has advised the lead arrangers and administrative agent on the USD1.045 billion syndicated financing for the acquisition of WCG Clinical by Leonard Green & Partners, L.P. and Novo Holdings A/S. 

WCG Clinical is a specialty clinical services organization that delivers solutions to stimulate growth, foster compliance and maximize efficiency for those who perform clinical trials. 

Leonard Green and Partners, L.P. is a Los Angeles based private equity investment firm that primarily focuses on companies providing services, including consumer, business and healthcare services, as well as retail, distribution and industrials.

Novo Holdings is a Danish private LLC wholly owned by the Novo Nordisk Foundation. It is the holding company of Novo Group, a group of independent companies controlled by the Novo Nordisk Foundation. Novo Holdings also manages the Foundation’s investment assets, focusing on life sciences and financial investments.

The Allen & Overy leveraged finance team was led by New York partners Todd Koretzky and Rajani Gupta and associates Lucas Burbank and Daniel Resnick, with support from Brian Daley.

The transaction closed on January 8, 2020. 

For further information, please contact Kris Cole at kcole@prosek.com or +1 (310) 652-1411.