Latham Advises on Financing for Cosette Pharmaceuticals

Avista Capital Partners (Avista), a leading New York-based private equity firm focused exclusively on healthcare, and Hamilton Lane, a leading global private markets investment management firm (Nasdaq: HLNE), have announced that funds managed by Hamilton Lane have acquired a significant equity interest in Cosette Pharmaceuticals (Cosette), a US-based specialty pharmaceutical company, from Avista and its co-investors. Avista and these funds managed by Hamilton Lane will jointly control Cosette going forward, with a focus on accelerating innovation and growth. In conjunction with the transaction, Cosette also entered into a new term loan financing with Hayfin Capital Management, and a new revolver provided by the joint lead arrangers and joint bookrunners for the financing.

Latham & Watkins LLP represented the joint lead arrangers and joint bookrunners in the financing with a team led by banking partner Jesse Sheff and counsel Josh Chao, with associate Nick Little.