Allen & Overy advises Sartorius on the financing of the acquisition of Albumedix
23 August 2022
Albumedix, based in Nottingham, United Kingdom, was founded in 1984 and provides best-in-class recombinant albumin-based solutions. Recombinant human albumin is an important component for the biopharmaceutical industry required for various applications, for example as an animal-free additive to cell culture media and for the stabilization of vaccines and viral therapies. The business has more than 100 employees and is expected to generate revenue of approximately GBP 33 million in 2022 with a significant double-digit EBITDA margin.
Albumedix is an important addition to Sartorius’ advanced therapy solutions and will be part of the Bioprocess Solutions Division. The transaction is subject to regulatory approval and is expected to close before the end of the third quarter of 2022.
BNP Paribas provides Sartorius with the financing of the purchase price as the sole mandated lead arranger, bookrunner and underwriter.
The Allen & Overy team comprised partner Thomas Neubaum, counsel Dr Mark Hallett and associate Anastasiya-Evangelina Wiegand (all Banking & Finance, Frankfurt).