Dr. Reddy’s’ Acquisition of Nimbus Health

CMS advised Dr Reddy’s on the deal. Bird & Bird LLP advised the founders of Nimbus Health GmbH.

The Indian stock-listed pharmaceutical group Dr. Reddy’s has signed a definite agreement to acquire all shares of Nimbus Health GmbH, a wholesaler specialising in medicinal cannabis.

In future, the company will operate as a wholly-owned subsidiary of Dr. Reddy’s on the German market and exploit further growth potential. The company aims to distribute medicinal cannabis products as a promising treatment option for patients. The founding directors will continue to work for Nimbus Health.  The consideration includes performance and milestone-based earn-outs over the next four years, in addition to an upfront payment.. The deal is still subject to completion of usual conditions.

The CMS team included Dr Heiko Wiechers (Picture), Lead Partner, Stuttgart; Dr Andreas Lohbeck, Lead Principal Counsel, Stuttgart; Dr Maximilian Eitelbuß, Associate, Stuttgart, all Corporate/M&A; Dr Michael Rein, Principal Counsel, Stuttgart, Labor; Dr Rolf Hempel, Partner, Stuttgart, Competition; Dr Martin Mohr, Partner, Stuttgart, Tax law; Dr Jörn Witt, Partner, Hamburg; Dr Susanne Pech, Counsel, Hamburg; Dr Friederike von Zezschwitz, Senior Associate, Hamburg; Lea Hansen, Associate, Hamburg, all Regulatory; Dr Daniel Kaiser, Partner, Stuttgart; Dr Michael Traub, Senior Associate, Stuttgart, all Compliance; Birgit Wagner, Coordinating Legal Consultant, Berlin; Stephanie Schulz, Senior Legal Consultant, Berlin; Steven Washington, Senior Legal Consultant, Berlin; Louisa von Oldershausen, Legal Consultant, Berlin; Tagrid Chahrour, Legal Consultant, Berlin, all SMOP/Due Diligence.

The following Bird & Bird lawyers were involved: Partner Dr. Kai Kerger (lead), associates Johanna Schindler and Tamara Böhmert (all Corporate/M&A, Frankfurt), partner Dr. Niels Lutzhöft, LL.M. and associate Dr. Simon Hembt (both Commercial/Regulatory, Frankfurt), partner Dr. Barbara Geck and associates Franziska Fiedler and Carina Seum (all Employment, Frankfurt), partner Dr. Michael Jünemann and associate Julia Fröhder (both Finance & Financial Regulation, Frankfurt).

Involved fees earner: Tamara Böhmert – Bird & Bird; Franziska Fiedler – Bird & Bird; Julia Fröhder – Bird & Bird; Barbara Geck – Bird & Bird; Simon Hembt – Bird & Bird; Michael Jünemann – Bird & Bird; Kai Kerger – Bird & Bird; Niels Lutzhöft – Bird & Bird; Johanna Schindler – Bird & Bird; Carina Seum – Bird & Bird; Maximilian Eitelbuß – CMS Hasche Sigle; Lea Hansen – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Daniel Kaiser – CMS Hasche Sigle; Andreas Lohbeck – CMS Hasche Sigle; Martin Mohr – CMS Hasche Sigle; Susanne Pech – CMS Hasche Sigle; Michael Rein – CMS Hasche Sigle; Friederike von Zezschwitz – CMS Hasche Sigle; Heiko Wiechers – CMS Hasche Sigle; Jörn Witt – CMS Hasche Sigle;

Law Firms: Bird & Bird; CMS Hasche Sigle;

Clients: Dr. Reddy’s Laboratories Ltd; Nimbus Health;

Federica Tiefenthaler

Author: Federica Tiefenthaler