Coloplast’s $2.5 Billion Acquisition of Atos Medical

Gleiss Lutz, Kromann Reumert, Vinge, Loyens & Loeff and Fava & Associati advised Coloplast on the deal. Linklaters advised PAI Partners.

Coloplast has signed an agreement to acquire Atos Medical, the global market leader in laryngectomy, for EUR 2,155 million (around DKK 16 billion) from PAI Partners.

Atos Medical, with its attractive growth profile and margin structure, presents an attractive new long-term growth opportunity for Coloplast. Atos Medical will benefit from Coloplast’s commercial capabilities, as well as financial strength, allowing Atos Medical to continue its strong growth outlook.

Founded in Sweden in 1986, Atos Medical was born out of a desire to make life easier for people living with a laryngectomy by providing personalised care and innovative solutions for restoring speaking ability after surgical removal of the patients’ voice box. Today, Atos Medical helps improve the lives of patients following both laryn- gectomy and tracheostomy procedures.

Atos Medical has developed the laryngectomy category and is the leading global company serving this patient group with end-to-end solutions from surgical intervention to lifetime patient care. Laryngectomy is a niche chronic segment with many similarities to Coloplast’s existing chronic patient segments.

Coloplast A/S is a Danish multinational company that develops, manufactures and markets medical devices and services related to ostomy, urology, continence, and wound care.

The Gleiss Lutz team, led by Dr. Patrick Kaffiné (Picture – partner, Frankfurt) and Dr. Martin Viciano Gofferje (partner, Berlin, both M&A), included Andrej Popp (Frankfurt), Dr. Christoph Meissner, Dr. Viktor Gorlow (all M&A), Dr. Enno Burk (counsel), Dilara Puls (both healthcare, all Berlin), Dr. Tim Weber (partner), Maximilian Leisenheimer (both real estate, Frankfurt), Dr. Birgit Colbus (counsel, antitrust, Frankfurt), Dr. Jacob von Andreae (partner), Matthias Hahn (both regulatory, Dusseldorf), Dr. Matthias Werner (counsel), Sebastian Girschick (both IP/IT, Munich), Simon Wegmann (data protection, Berlin), Dr. Doris-Maria Schuster (partner), Dr. Hauke Darius Wolf (both employment, Hamburg), Dr. Matthias Böglmüller (pensions, Munich), Frank Schlobach (partner), Yvonne Gerster (both finance, Frankfurt), Dr. Tobias Harzenetter (partner), Dr. Julian Aicher (both corporate, Munich), Dr. Eike Bicker (partner), Marina von Eicke und Polwitz, Felix Wrocklage (all compliance, Frankfurt).

The Linklaters’ cross-border team was led by Corporate partners Rasmus Kindlund (Stockholm), Mike Bienenfeld (London), and Fredrik Lindqvist (Stockholm). They were supported by Counsel Cole Smith (London), managing associates Nima Naderi (Stockholm), Daniel Bergman (London) and Ina Lunneryd (Brussels); and associates Sophia Astberg (Stockholm), Alex Reed (London), Erica Wesström (Stockholm), Thyra Taune (Stockholm) and Erik Samuelsson (Stockholm).

The Loyens & Loeff team included Frank Leijdesdorff, Dries Fransen van de Putte, Jet de Mol van Otterloo, Céline van Waesberge, Romy Akkermans, Robert Fröger, Liedeke de Jonge, Marc Wiggers.

The Kromann Reumert team included Jeppe Buskov, Morten Kofmann and Oliver Machholdt.

Vinge’s team primarily consisted of Matthias Pannier, Ulrich Ziche, Vilhelm Rondahl, Clara Sohlberg and Julia Hagelberg (M&A), Klara Secher and Axel Lennartsson (IP), Lisa Hörnqvist and Mario Saad (Agreements and IT), Karl-Hugo Engdahl and Karolina Fuhrman (GDPR), Tove Lövgren Frisk (Compliance), Jolinn Uhlin and Michaela Ådén (Banking & Financing), Elin Broman (Employment) and Lina Österberg and Ulf Pyk (Real Estate). 

The Fava & Associati team was led by Employment Partner Emanuele Licciardi. 

Involved fees earner: Emanuele Licciardi – Fava & Associati; Julian Aicher – Gleiss Lutz; Eike Bicker – Gleiss Lutz; Matthias Böglmüller – Gleiss Lutz; Enno Burk – Gleiss Lutz; Birgit Colbus – Gleiss Lutz; Yvonne Gerster – Gleiss Lutz; Sebastian Girschick – Gleiss Lutz; Viktor Gorlow – Gleiss Lutz; Matthias Hahn – Gleiss Lutz; Tobias Harzenetter – Gleiss Lutz; Patrick Kaffiné – Gleiss Lutz; Maximilian Leisenheimer – Gleiss Lutz; Christoph Meissner – Gleiss Lutz; Andrej Popp – Gleiss Lutz; Dilara Puls – Gleiss Lutz; Frank Schlobach – Gleiss Lutz; Doris-Maria Schuster – Gleiss Lutz; Martin Viciano Gofferje – Gleiss Lutz; Jacob von Andreae – Gleiss Lutz; Marina von Eicke und Polwitz – Gleiss Lutz; Tim Weber – Gleiss Lutz; Simon Wegmann – Gleiss Lutz; Matthias Werner – Gleiss Lutz; Hauke Darius Wolf – Gleiss Lutz; Felix Wrocklage – Gleiss Lutz; Jeppe Buskov – Kromann Reumert; Morten Kofmann – Kromann Reumert; Oliver Machholdt – Kromann Reumert; Sophia Astberg – Linklaters; Daniel Bergman – Linklaters; Mike Bienenfeld – Linklaters; Rasmus Kindlund – Linklaters; Fredrik Lindqvist – Linklaters; Ina Lunneryd – Linklaters; Nima Naderi – Linklaters; Alex Reed – Linklaters; Erik Samuelsson – Linklaters; Cole Smith – Linklaters; Erica Wesström – Linklaters; Romy Akkermans – Loyens & Loeff; Liedeke de Jonge – Loyens & Loeff; Jet de Mol van Otterloo – Loyens & Loeff; Robert Fröger – Loyens & Loeff; Frank Leijdesdorff – Loyens & Loeff; Dries Fransen van de Putte – Loyens & Loeff; Céline van Waesberge – Loyens & Loeff; Michaela Ådén – Vinge; Elin Broman – Vinge; Karl-Hugo Engdahl – Vinge; Karolina Fuhrman – Vinge; Lisa Hörnqvist – Vinge; Axel Lennartsson – Vinge; Tove Lövgren Frisk – Vinge; Lina Österberg – Vinge; Matthias Pannier – Vinge; Ulf Pyk – Vinge; Vilhelm Rondahl – Vinge; Mario Saad – Vinge; Klara Secher – Vinge; Clara Sohlberg – Vinge; Jolinn Uhlin – Vinge; Ulrich Ziche – Vinge;

Law Firms: Fava & Associati; Gleiss Lutz; Kromann Reumert; Linklaters; Loyens & Loeff; Vinge;

Clients: Coloplast; PAI Partners;

Federica Tiefenthaler

Author: Federica Tiefenthaler