Allens acts for Pfizer on divestment of animal health assets to Virbac
8 February 2010
Allens Arthur Robinson (Allens) has advised Pfizer Inc. (Pfizer), the world's largest research-based pharmaceutical company, on the successful divestment of its animal health assets to Virbac.
The assets acquired by Virbac consist of the Fort Dodge Australia livestock business, including a range of livestock vaccines and the Cydectin range of sheep and cattle parasiticides, along with a biologicals manufacturing facility.
Pfizer divested the assets in compliance with requirements imposed by the ACCC in connection with its US$68 billion acquisition of Wyeth, including the Fort Dodge business, in October 2009. This transaction represents the final divestiture of assets required by the ACCC. The other divestment required by the ACCC was the sale to Boehringer Ingelheim of the Fort Dodge companion animal vaccines business, consisting of a portfolio of cat and dog vaccines, in October 2009.
Allens acted as Pfizer's transaction counsel for both divestments as well as Australian advisers on its acquisition of Wyeth. These transactions brought together experts from the firm's M&A, Pharma, Intellectual Property, Employment, Tax, Property and Environment departments in a team led by Allens Corporate Partner Jeremy Low and IP Partner Andrew Wiseman.
'These transactions were milestones for Pfizer in meeting its regulatory obligations and in ensuring a smooth transition to its new integrated businesses in Australia,' said Mr Low.
'It was a pleasure working with the Pfizer team. Pfizer is a long-standing client of the firm and we were delighted to be able to offer our depth and breadth of specialist experience and industry knowledge across the international regulatory, IP, logistics and trade sale spaces to get the deals across the line,' said Mr Wiseman.
Ends
| Allens legal team |
Corporate: Jeremy Low (Partner – Sydney), Eve Regnard (Senior Associate – Sydney), Anja Yencken (Lawyer – Sydney), Julian Anderson (Lawyer – Sydney), James Gibson (Lawyer – Sydney) Intellectual Property: Andrew Wiseman (Partner – Sydney), Rebecca Sadleir (Senior Associate – Sydney), Marina Lloyd Jones (Senior Associate – Sydney) Employment: Peter Arthur (Partner – Sydney), Nick Fletcher (Senior Associate – Sydney) Tax: Ross Stitt (Partner – Sydney), Adrian Chek (Partner – Sydney), Heran Kim (Senior Associate – Sydney) Property: Victoria Holthouse (Partner – Sydney), Andrew Selim (Senior Associate – Sydney) Environment: Jim Parker (Partner – Sydney) |
For further information, please contact:
- Jane FoleyCorporate Communications Coordinator,
Melbourne
Ph: +61 3 9613 8503
Jane.Foley@aar.com.au
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.
