Mark Cummings
Partner
Hong Kong
Our multidisciplinary team advised on all Cayman Islands law aspects of the transaction. The team was led by Investment Funds & Corporate partners Mark Cummings and Kevin Ho, together with Insolvency, Restructuring & Dispute Resolution partner Tom Pugh, with support from Tim Molton, Beverly Lui and Flora Lo.
We worked closely with Kirkland & Ellis to advise Carlyle and Carlyle-sponsored Ambio Pharmaceuticals throughout this matter.
The acquisition brings together complementary capabilities to strengthen the combined business's global peptide platform and positions it to scale its operations, accelerate innovation and serve customers across growing markets for peptide-based medicines.
Commenting on the transaction, Mark said: 'We are pleased to have supported Carlyle on the successful completion of this transaction. This outcome reflects Carlyle's strategic vision and commitment to investing in businesses with strong growth potential, and we were delighted to assist the team in closing the transaction.'
Carlyle-sponsored AmbioPharm is a US-headquartered peptide API contract development and manufacturing organisation (CDMO) with operations in North Augusta, North Carolina and Shanghai. Swiss-based CordenPharma is a leading global CDMO.
This transaction demonstrates the complexity of today's cross-border life sciences deals. Tom added:' This transaction highlights the strength of our multidisciplinary offering and our ability to deliver seamless advice across complex cross-practice matters. Bringing together corporate and dispute resolution expertise enabled us to support Carlyle at every stage of the transaction.'
With expertise spanning corporate, investment funds, finance, regulatory, restructuring, insolvency and dispute resolution, we regularly advise clients on strategic transactions and investments across the life sciences, biotechnology, pharmaceutical and healthcare sectors.
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