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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.