Overview
International law firm McDermott Will & Emery advised the senior managers of Unilabs led by CEO Michiel Boehmer on the sale of Unilabs by Apax funds to A.P. Moller Holding, and on their rollover and reinvestment. The transaction is expected to close in the next few months, subject to customary closing conditions and regulatory approvals.
Unilabs is one of Europe’s largest diagnostics companies with significant activity in the Middle East and Latin America. It is the only pan-European diagnostics group delivering digitally enabled laboratory, pathology, and imaging services to patients and healthcare providers. As a leading digital champion covering the full diagnostic spectrum, Unilabs’ 12,000+ employees save and improve lives every day. Unilabs is fully engaged in the fight against Covid-19 – investing heavily in technology, equipment, and people to deliver fast, reliable Covid-19 tests across over 15 countries. Since the start of the pandemic, Unilabs has delivered almost 20 million Covid tests already.
A.P. Moller Holding is the parent company of the A.P. Moller Group founded and run by the Maersk family. The purpose of A.P. Moller Holding is to develop ‘nyttig virksomhed’, i.e., to invest in and build businesses that have a positive impact on society.
Apax Partners LLP is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Healthcare, Tech, Services and Internet/Consumer.
The McDermott team was led by London private equity partner and head of London corporate Tom Whelan and included counsel Philip Corser, associates Elisa de Carolis and Daniel Ross supported by trainee Michaela Novakova. Partners James Ross and Paul McGrath, senior associate Sarah Gabbai and associate Charlotte Moorhouse also advised.
Tom Whelan commented: “It was great to work with Michiel and the senior management of Unilabs on this fast paced, high profile sale and on their rollover and reinvestment into the AP Moller Holding vehicle established for the investment. I’m sure Michiel and the team will continue to be massively successful and deliver great returns for AP Moller.”
