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Pamplona Capital Management acquires stake in Alvogen

02 April 2014

Alvogen is pleased to announce that Pamplona Capital Management, an international private equity company, has acquired a majority stake in its business from legacy shareholders.

Robert Wessman commented:

“Pamplona‘s investment is a very positive development for our business. Alvogen is making good headway in its ambitious growth strategy, delivering double digit revenue and profit growth for each of the past five years, and we now have the ideal partner to support us as we look to further develop our business. In particular, we are focused on strengthening our global presence through strategic transactions, and Pamplona provides us with further firepower to work towards our stated ambition of becoming a top ten global generics player.”

Jefferies and Perella Weinberg Partners acted as financial advisors to Pamplona, and Jefferies provided the sole financing commitment for the transaction. Legal advice was provided by Lowenstein Sandler LLP and Allen & Overy.

About Pamplona Capital Management

Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments. Pamplona manages over $6.0 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its third private equity fund, Pamplona Capital Partners III, LP, which was raised in 2011 and has committed capital of $2.7 billion. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations.