TTR In The Press
Legal Dealmaker
February 2023
Freshfields, Linklaters, Garrigues, Andersen on TTR's January deal of the month in Spain
TTR Data has published its January's deal of the month in Spain: KKR's €3 billion acquisition of Valencia-based IVIRMA Global. Freshfields advised KKR, while Linklaters, Garrigues and Andersen counselled IVIRMA's shareholders
As reported by Legal Dealmaker on January 13, the US fund signed the acquisition of the Spanish company, a world leader in inertility treatments, eleven months after the transaction was announced, according to financial sources. The private equity gianta committed to pay €3 billion.
Valencia-based IVIRMA Global is the world's premier fertitlity group that leads the industry in research, success rates and patient care. From clinical excellence, to research and innovation, to teaching the next generation of reproductive endocrinologists, to advancing cutting edge protocols, standards and practices in the field.
The deal completion has been delayed for almost a year. On the one hand, IVIRMA and KKR have been negotiation the final details of the deal for months. On the other hand, it was not until 21 December that the National Markets and Competition Commission (CNMC) authorised the transaction, albeit with conditions.
Source: Legal Dealmaker
