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Apollo Forms Strategic Partnership With Sofinnova Partners
- Client News
- May 16, 2022
Paul, Weiss is advising Apollo Global Management in its strategic and financial partnership with Sofinnova Partners, a leading European life sciences venture capital firm with over €2.5 billion under management. Under the terms of the agreement, Apollo will acquire a minority equity interest in Sofinnova and provide up to €1 billion in capital commitments.
The partnership will expand Apollo’s presence in the life sciences sphere and accelerate Sofinnova’s growth. Together, Sofinnova and Apollo will offer entrepreneurs a more comprehensive range of capital solutions to help bring new therapeutic and biotechnology-based solutions to the market.
The Paul, Weiss team includes corporate partners Ramy Wahbeh, Kaisa Kuusk and Matthew Goldstein and counsel David Levine and Jeremy Larkins; and tax partners Brian Grieve and Brad Okun.