Paul, Weiss is advising Apollo Global Management in its strategic and financial partnership with Sofinnova Partners, a leading European life sciences venture capital firm with over €2.5 billion under management. Under the terms of the agreement, Apollo will acquire a minority equity interest in Sofinnova and provide up to €1 billion in capital commitments.

The partnership will expand Apollo's presence in the life sciences sphere and accelerate Sofinnova's growth. Together, Sofinnova and Apollo will offer entrepreneurs a more comprehensive range of capital solutions to help bring new therapeutic and biotechnology-based solutions to the market.

The Paul, Weiss team includes corporate partners Ramy Wahbeh, Kaisa Kuusk and Matthew Goldstein and counsel David Levine and Jeremy Larkins; and tax partners Brian Grieve and Brad Okun.