Hogan Lovells Advises Phadia on Acquisition by Thermo Fisher
19 May 2011
LONDON, 19 May 2011 - Hogan Lovells has advised the management of Phadia on its acquisition by Thermo Fisher Scientific Inc. from European private equity firm Cinven.
The deal, worth approximately EUR 2.47 billion, was signed today, Thursday 19 May, and is expected to complete in Q4 2011.
Phadia will become part of Thermo Fisher's Specialty Diagnostics business within its Analytical Technologies Segment.
The Hogan Lovells team advising Phadia was led by Co-Head of private equity Alan Greenough and private equity partner Amit Nayyar, with assistance from associate Francesca Hazlett and trainee Emma Bosworth.
Alan Greenough said:
"We are pleased to have been able to once again work with Phadia on an important transaction, having advised the management team previously on the buy-out by Cinven in 2006. This is Phadia's third highly successful exit and demonstrates Private Equity's ability to support a business' international growth and development."
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