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Aker BioMarine — M&A Activity 2010
Sep 3, 2010
3527_rns_2010-09-03_cafe6115-b1ef-46bf-9a25-da007ca23a06.html
M&A Activity
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Aker BioMarine and Lindsay Goldberg to form 50/50 joint venture
An affiliate of Lindsay Goldberg LLC ("LG" or "Lindsay Goldberg") - a New
York-based private investment firm with approximately USD 10 billion of equity
capital under management and a long-term investment horizon of up to 20 years -
has entered into an agreement with Aker BioMarine ASA ("AKBM" or "Aker
BioMarine") to acquire 50% of all outstanding shares in a newly established
joint venture company ("NewCo") that will own Trygg Pharma AS and Natural
Nutrition Development Ltd AS ("NND"), both wholly owned subsidiaries of Aker
BioMarine. Lindsay Goldberg will pay up to NOK 280 million for the 50% stake in
NewCo, of which NOK 140 million is paid upfront and another NOK 140 million is
subject to certain development milestones.
Please see attached.
For further information regarding Trygg Pharma, please contact:
Egil Bodd, Chairman of the board, Trygg Pharma, tel.: +47 900 20 341
Aaron Kramer, CEO, Trygg Pharma, tel.: +47 916 30 130
For further information regarding Aker BioMarine, please contact:
Fredrik Nygaard, CFO and IR contact, Aker BioMarine, tel.: +47 24 13 00 00
[HUG#1442502]