Twitter LinkedIn
    Wednesday, July 6
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»Oaktree SPAC to Merge With Pharma Company in $2B Deal
    Mergers & Acquisitions

    Oaktree SPAC to Merge With Pharma Company in $2B Deal

    December 21, 2021Updated:December 21, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Oaktree Acquisition Corp. II will merge with Alvotech Holdings, a global biopharmaceutical company, to take the company public in the United States. The deal values the combined company at about $2.25 billion, including debt.

    Alvotech will get gross proceeds in excess of $450 million, including a $150 million equity placement led by investors such as New York-based Suvretta Capital Management, Luxembourg-based CVC Capital Partners and Singapore-based Temasek Holdings Ltd. It also includes $250 million in cash from Oaktree Acquisition’s trust account and a $50 million equity commitment from existing shareholders, assuming no redemptions.

    In March 2019, Oaktree Capital sold a 62% stake valued at $4.7 billion in its global asset management firm to Brookfield Asset Management Inc., a Toronto-based alternative asset management company. 

    Read more/Source: LA Business Journal

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Mergers and acquisitions PE Insider Private Equity SPAC
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Inflexion leads SteriPack buyout

    July 6, 2022

    Barings and Partners Group provide financing to support Arcline’s CoreDux acquisition

    July 6, 2022

    Brookfield pours record US$12B into European deals

    July 6, 2022

    £15bn KKR-led Power Networks takeover ‘collapses over price increase’

    July 6, 2022

    Comments are closed.

    Other Articles

    Private equity cash puts more expansion on agenda at AAB

    October 25, 2021

    Conquest obtains AIFM authorisation in France and launches Conquest Sustainable Infrastructure II

    May 27, 2021

    Blackstone-led group antes up $1.8 billion loan for Medallia buyout

    August 9, 2021

    Lightrock closes new $300m fund for Latin America

    May 18, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?