Alvotech Merges with Oaktree Acquisition Corp. II and Lists on Nasdaq
June 15, 2022
Alvotech completed a business combination with Oaktree Acquisition Corp. II and began trading on Nasdaq under the ticker ALVO, supported by an upsized $175 million PIPE from institutional and family-office investors. The transaction provides Alvotech with public-market access and growth capital to expand its global biosimilars development and manufacturing footprint.
- Buyers
- Oaktree Acquisition Corp. II, Oaktree Capital Management, Suvretta Capital, Athos (Strüngmann Family Office), CVC Capital Partners, Temasek Holdings, YAS Holding LLC, Farallon Capital Management, Sculptor Capital Management
- Targets
- Alvotech
- Industry
- Biotechnology
- Location
- Iceland
- Transaction Type
- Recapitalization
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