Debevoise Advises Link Fund Solutions in the £223.9 Million Sale of a Portfolio of Life Science Assets by the LF Equity Income Fund

5 June 2020

Debevoise & Plimpton LLP has advised Link Fund Solutions Limited (“Link Fund Solutions”) in the £223.9 million sale of stakes in 19 public and private life sciences companies to Acacia Research Corporation (“Acacia”) by the LF Equity Income Fund. 

The acquisition of the private companies is subject to the waiver or completion of customary pre-emption processes of such companies. 

Link Fund Solutions acts as the authorised corporate director for the LF Equity Income Fund. 

Founded in 1993, Acacia invests in absolute return assets of intellectual property, life sciences, and other developed technology. In 2020, Acacia embarked on a strategic partnership with Starboard Value, L.P. to build a platform to pursue opportunities that leverage Acacia’s governance experience and significant capital resources. 

The Debevoise team advising Link Fund Solutions was led by partner Katherine Ashton and international counsel Andrew Rearick, and included Laurence Hanesworth.