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CMS Hasche Sigle advises PlasmaSelect on sale of DeltaSelect's generics business

10/10/2007

DeltaSelect GmbH, a wholly owned subsidiary of PlasmaSelect AG, has sold its national and international generics business to an Icelandic special purpose vehicle associated with the Actavis Group. A team from CMS Hasche Sigle led by Dr Martin Bell, partner in the Frankfurt office, advised PlasmaSelect on the transaction. The purchase price amounted to more than EUR 70 million.

PlasmaSelect AG intends to use part of the sales proceeds to speed up the restructuring process in its infusion and special solutions division and to boost business in Italy.
As a holding company in the health care business PlasmaSelect concentrates on supplying chronically and seriously ill patients undergoing treatment as either an in or out-patient. The PlasmaSelect group employs about 330 people. DeltaSelect GmbH's generics business achieved turnover of approx. EUR 27 million in 2006.

Actavis Deutschland GmbH belongs to the Actavis Group, manufacturer of generic medication with research, development and production sites in Europe, America and Asia. Since 1999 the company has developed into one of the quickest growing manufacturers on the generics market. During this time Actavis has made 25 acquisitions and now has a workforce of around 11,000 around the world.


Advisers to PlasmaSelect AG
Dr Gerhard Hausner (Head of the Legal Department), in-house

CMS Hasche Sigle
Dr Martin Bell (M&A, lead partner)
Till Liebau (M&A)
Dr Heike Wagner (Corporate, M&A)
Dr Joachim Dietrich (Corporate)
Dr Jens Wagner (Medicine)
Dr Eckhard Schmid (Employment)
Dr Martina Seeliger (Employment)


Contact CMS Hasche Sigle:

Dr Martin Bell
Tel.: +49 (0) 69 / 7170
E-mail: [email protected]

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.