Kirkland Advises CPP Investments on Minority Investment in CVC- and GBL-Led Consortium Launching a Voluntary Cash Tender Offer for Recordati

Kirkland & Ellis is advising CPP Investments on its minority investment in the consortium, led by CVC Investor and GBL Investor, which has entered into binding agreements for the launch, through a new Italian joint stock company Respighi BidCo S.p.A., of a voluntary cash tender offer for all outstanding ordinary shares of Recordati S.p.A. The offer is valued at €10.7 billion based on a consideration equal to €51.29 per share.

Recordati is a leading international pharmaceutical group, recognized for its established portfolio of prescription and self-medication treatments across a range of therapeutic areas.

Read the transaction press release

The Kirkland team includes corporate lawyers Annette Baillie, David Higgins, Keir MacLennan, Fiona Coffee and Michael Dunton.