The Private Equity and Public M&A teams advised Novo Holdings A/S (“Novo Holdings”) on the completion of its acquisition of Catalent, Inc. (NYSE: CTLT) in an all-cash transaction with a total enterprise value of approximately $16.5 billion. In connection with the transaction, Novo Holdings will sell three of Catalent’s nearly 50 global sites to Novo Nordisk A/S (“Novo Nordisk”). The three fill-finish sites that Novo Nordisk will be acquiring are located in Anagni (Italy); Bloomington (USA); and Brussels (Belgium).
Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.
Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novonesis A/S (Novozymes A/S) and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seed, Venture, Growth, Asia, Planetary Health and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2023, Novo Holdings had total assets of EUR 149 billion.
The Goodwin team was led by partners Matt Mauney, Josh Zachariah, Andrew Kimball, Rachel Frankeny and Kirkie Maswoswe and associates Wei Xu, Taylor Randazzo and Emma Balls, and included Andres Corcuera, Amina Mokel, Catherine Nickle, Katie Tarvardian, Brittany Johnson and Calsy Hartman (Private Equity), Loren Goodman, Peter Moorman, Yifeng Yuan, Andrea Akinbola, Candice Wang and Allison Swecker (Public M&A), Robert Emerson, Brian Fiske, and Thomas Jackson (PIF), Janet Andolina, Kyle Pine, Gregg Coughlin, and Tyler Mayo (Tax), Steve Charkoudian, Robert Crawford, Adam Bellack, Alexandra Lu, Morag Peberdy, Achal Oza, Nicole Fontes, David Sackstein, and Jo-an Chen (Intellectual Property), Caroline Bullerjahn, Christina Ademola and Toni Wormald (Litigation), Brian Mukherjee (Insurance), Alexandra Denniston, Malhar Naik, Regina Couto, Andre Amorim and Zoe Li (Benefits), Edward Holzwanger and Janelle Dempsey (Labor), Jennifer Bralower, Christopher Steinroeder, Jen Necas, Emily Josef, Caroline Tompkins, Youngjun Yi, and Natalie Romero (Debt), Brian Lerman, Juliaana DiGesu, Nora Sweeney, Stephanie Toribio, and Lindsey Falco (Real Estate), Jacqueline Klosek, Curtis McCluskey, Alex Intile, and Isabelle Staff (Privacy), Jake Osborn, Carrie Miller and Gozde Guckaya (Global Trade); Nathan Brodeur (Environmental), Cecilia Lockner, Ai Tajima, George Schneider and Shelby Hecht (RWI); Liza Craig and Joshuah Turner (Government Contracts), Andrew Pusar (Capital Markets) with invaluable assistance from Sheran Sharafi, Julia Chang, Jeff Feldmann, Keelin Anne Fitzsimons, Camille Ertel, Nic Warren, Nikol Nerhan, Sarah Mackin, Dan Murray, Steven Moldavskiy, Angelyna Selden and Ahmer Qureshi.
For additional details on the closing, please read the press release.