Alvotech dual-listing completed

Arendt assisted Alvotech in its business combination with the Oaktree Acquisition Corp



  SPAC is on the map

Luxembourg, 16 June 2022 – Arendt & Medernach assisted its long-standing client Alvotech, a Luxembourg public limited liability company, in its business combination with the Oaktree Acquisition Corp. II SPAC, and the subsequent listing of its shares and warrants on Nasdaq on 16 June 2022 (Ticker: ALVO) and Nasdaq First North Growth Market (Iceland, expected on 23 June 2022). The business combination included a USD 175 million PIPE raised.

Alvotech is a leading global biotech company founded by Robert Wessman, focused on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech has built a vertically integrated platform for developing and manufacturing biosimilars at scale. The Arendt team assisted on all Luxembourg law aspects of the transaction, including the business combinations, question of listing of securities on foreign markets, financing and tax aspect as well as relevant governance matters. Lead counsel for Alvotech was Cooley LLP.

Arendt team involved:


Modernising the Luxembourg fund toolbox

Luxembourg further increases the attractiveness and competitiveness of its financial centre through targeted improvements to the Luxembourg fund rules.

Read More_

Arendt advised on the structuring and implementation of a first-of-a-kind project sukuk is...

Arendt advised the managers on USD 1.5 billion landmark project sukuk issuance by TMS Issuer S.à r.l. and USD 3 billion notes issuance under newly est...

Arendt appoints 10 new partners

Arendt is proud to announce the appointment of 10 new partners promoted internally within the law firm.

Acquisition by exceet Group SCA of the APEX group

exceet Group SCA acquired the APEX group. Arendt advised exceet Group SCA and its major shareholders from a Luxembourg corporate, capital market and s...

Successful European de-SPAC transaction in difficult market environment

Arendt advised GFJ ESG Acquisition I SE, a Luxembourg SPAC with focus on ESG-related technologies, in its successful business combination with Learnd ...