Pinsent Masons advises Teva Pharmaceuticals on €84m sale of its consumer healthcare brand portfolio to Karo Pharma AB.
16 Feb 2021 | 04:00 pm |
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
The transaction transfers ownership of the brand portfolio, comprised of Flux®, Decubal®, Lactocare®, Apobase®, Dailycare® and Fludent® from Teva to Karo. The transactionis is expected to close on April 1.
The Pinsent Masons team was jointly led by partners Allistair Booth and Thilo Schneider and included senior associate Ciaran Wilkinson.
Commenting on the transaction Thilo Schneider said:
"I am so pleased that we have been able to support Teva and to have brought this transaction to a successful conclusion. The sale is significant for both parties and we are proud to have achieved a successful outcome for Teva. We worked closely with them to understand what they wanted to achieve and helped to determine the best options available to them."
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons has 2040 science-based net-zero target verified
Multinational law firm Pinsent Masons is one of the first law firms to have its global 2040 net-zero target verified by the Science Based Targets initiative, as it doubles down on efforts to reduce its impact on climate change.
Pinsent Masons is successful with City of Munich landmark Oktoberfest appeal
Multinational law firm Pinsent Masons is advising the City of Munich in appeal proceedings brought by the organisers of a planned Oktoberfest event in Dubai. The organisers provided cease-and-desist undertakings, thereby in effect accepting a preliminary injunction issued in this landmark case by the District Court in favour of the City of Munich.
Pinsent Masons advises Northern Gritstone on £215m fund raising
Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons launches parallel trade monitoring platform for life sciences sector
Multinational law firm Pinsent Masons launches innovative online tool to help life sciences organisations grappling with parallel trade management.
Pinsent Masons wins Arbitration Lawyer of the Year and Private Practice Lawyer of the Year at the LexisNexis Middle East Women in Law Awards 2022
Pamela McDonald and Alexandra Aikman of multinational law firm Pinsent Masons have been named Arbitration Lawyer of the Year and Private Practice Lawyer of the Year at the LexisNexis Middle East Women in Law Awards 2022.
Pinsent Masons appoints third life sciences partner in Amsterdam
A year after launching its presence in The Netherlands, multinational law firm Pinsent Masons has appointed its fifth partner in Amsterdam, welcoming life sciences patent specialist Judith Krens.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]