Paul Weiss is advising Apollo Global Management on its agreement to buy a minority stake in Sofinnova Partners, a European venture capital firm that invests in life sciences companies.
Paris-based law firm Gide Loyrette Nouel is also advising Apollo, while Dechert is advising Sofinnova. The deal, expected to close in the second half, calls for the U.S. private equity firm to commit up to $1 billion euros ($1.05 billion) in managed capital to Sofinnova’s investment funds, according to a statement.
Under the partnership, Sofinnova continues to operate from its Paris headquarters as an independent organization and will get access to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.