Cooley Advises Jazz Pharmaceuticals in Pending Acquisition of EUSA Pharma for up to $700 Million

Palo Alto, Calif. – April 26, 2012 – Cooley LLP announced today that it is advising Jazz Pharmaceuticals in its pending acquisition of EUSA Pharma.

Consideration in the deal includes $650 million in cash, subject to certain adjustments, plus a potential $50 million milestone payment in cash based upon EUSA Pharma's lead product, Erwinaze, achieving a specified U.S. net sales target in 2013.  EUSA is a privately-held, specialty pharmaceutical company with headquarters in the United States and United Kingdom.

In connection with the transaction announcement, Jazz Pharmaceuticals also announced that Barclays Bank PLC has provided it with a commitment letter for a $500 million term loan and a $100 million revolving credit facility.  Credit finance partner Gian-Michele a Marca , based in San Francisco, led the Cooley team on the financing aspects of the transaction.

The Cooley team advising on the acquisition included Palo Alto-based associates Dan Espinoza and Robin Bennett , Palo Alto-based partners Marya Postner , Glen Sato  and Barbara Kosacz , Palo Alto-based associates Jennifer Raab  and Tracy Huang Harrison , Palo Alto-based partner Mark Windfeld-Hansen , Colorado-based associate Aaron Pomeroy , Palo Alto-based partner Francis Fryscak , Washington, D.C.-based Megan Browdie , San Diego-based associates Amy Wood , Soo Kim and Megan Arthur , San Diego-based special counsel Michelle Lara , Palo Alto-based special counsel Ann Polus , Palo Alto-based partner Gregory Tenhoff , Palo Alto-based special counsel Todd Bontemps , Palo Alto-based partner Chadwick Mills and Colorado-based partner Francis Wheeler

The San Francisco-based Cooley team advising on the financing included associates Michael Tollini and Jason Savich .

View the company press release here .

About Cooley LLP

Cooley's 650 attorneys have an entrepreneurial spirit and deep, substantive experience, and are committed to solving clients' most challenging legal matters.  From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace.  The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail.

The firm has full-service offices in major business and technology centers nationwide: Palo Alto, CA, New York, NY, San Diego, CA, San Francisco, CA, Reston, VA, Broomfield, CO, Washington, DC, Boston, MA and Seattle, WA. The firm also has an office in Shanghai, China.

Related Contacts
Barbara Kosacz Senior Counsel Palo Alto
Gregory Tenhoff Partner Palo Alto
Marya Postner Partner Palo Alto
Mischi a Marca Partner San Francisco
Chadwick Mills Partner San Francisco
Soo Kim Special Counsel New York
Francis Wheeler Partner Colorado
Amy M. Wood Partner San Diego
Jason Savich Partner San Francisco
Megan Arthur Schilling Partner San Diego
Michael Tollini Partner Washington, DC, New York
Aaron Pomeroy Partner Colorado
Mark Windfeld-Hansen Senior Counsel Palo Alto
Jennifer Raab Special Counsel Palo Alto
Megan Browdie Partner Washington, DC
Related Practices & Industries

Debt Finance Mergers & Acquisitions