Peter J. Sluka

Surmodics, Inc. (Nasdaq: SRDX), a provider of medical device and in vitro diagnostic technologies to the healthcare industry, has announced that it has entered into a definitive agreement to be acquired by GTCR, a leading private equity firm with a long track record of investment expertise across healthcare and healthcare technology. Under the terms of the agreement, affiliates of GTCR will acquire all outstanding shares of Surmodics. Surmodics shareholders will receive US$43 per share in cash, for a total equity valuation of approximately US$627 million. The transaction is expected to close in the second half of calendar year 2024, subject to customary closing conditions. Latham & Watkins LLP represented Oak Hill Advisors, L.P. and other financing sources in the transaction with a finance and hybrid capital team led by partners Stelios Saffos, Peter Sluka, Michael Saliba, and Zachary Judd, and counsel Marcela Ruenes, with associates Christian DeSimone, Ben Winnett, and Katherine Page. Advice was also provided on tax matters by partner Jiyeon Lee-Lim, with associate Nicholas Sun; and on uniform commercial code matters by partner Brian Rock.~~

May 30

1 min

Heritage Environmental Services, an EQT Infrastructure portfolio company, and General Dynamics have announced that they have entered into a definitive agreement pursuant to which Heritage, via a subsidiary, will acquire EBV from General Dynamics. The transaction is subject to customary conditions and approvals. It is expected to close in Q3 2024. Financial terms of the transaction were not disclosed. Latham previously advised on the financing for EQT Infrastructure’s acquisition of a majority position in Heritage Environmental Services from The Heritage Group, which closed in January 2024. Latham & Watkins LLP represented the private credit lenders in the above transactions with a banking team led by partners Stelios Saffos, Conray Tseng, Peter Sluka, Alfred Xue, Dan Seale, Paul Bonewitz, and Jesse Sheff, and counsel Seung-Ju Paik, with associates Kathy Page, Beste Bozkurt, Victoria Basedow, and Allen Xu. Advice was also provided on tax matters by partner Jiyeon Lee Lim, with associate Michael Yu; on uniform commercial code matters by partner Larry Safran; on environmental matters by counsel David Langer, with associate Brittany Curcuru; and on real estate matters by counsel Lisa Brabant.~~

Jul 3

1 min

Following the completion of a final Purchase and Sale Agreement, the Ownership Group of Seattle Sounders FC and global investment firm Carlyle have come together to invest in and operate leading National Women’s Soccer League (NWSL) club Seattle Reign FC. Owned and operated by France’s OL Groupe since 2019, Reign FC is one of the leading clubs in the NWSL, which is widely considered to be the most competitive women’s soccer league in global football. Latham & Watkins LLP represented Carlyle in the transaction with a corporate deal team led by New York partners Frank Saviano, Stelios Saffos, and Peter Sluka, with associates Adam Rosenthal, Omeed Anvar, Rachel Klein, Kaitlin Ray, and Sam Shropshire. Advice was also provided on tax matters by New York partner Jocelyn Noll, with associate Claire Park;* on benefits and employment matters by Washington, D.C. partner David Della Rocca, Chicago partner Nineveh Alkhas, Washington, D.C. counsel Laura Szarmach, and associate Bryce Williamson; on real estate matters by Century City partner Meghan Cocci and associate Tim Wilt; on intellectual property matters by Los Angeles partner Ghaith Mahmood and associate Nicole Nour; on data privacy matters by Houston counsel Robert Blamires and associate Kathryn Parsons-Reponte; on insurance matters by Los Angeles partner Drew Levin and San Diego/Los Angeles counsel Hannah Cary; and on regulatory matters by Washington, D.C. partner Erin Brown Jones, with associate Faiza Hasan. *Admitted to practice in Massachusetts only.~~

Jun 17

1 min

Frazier Healthcare Partners, a Seattle-based, healthcare-focused investment firm, has announced that it has completed its acquisition of BioMatrix Holdings, LLC, a leading specialty infusion pharmacy. Latham & Watkins LLP represented the private credit lenders in the transaction with a team led by New York partners Stelios Saffos and Peter Sluka, Chicago partner John Lister, Los Angeles partners Jason Bosworth and Jeff Senac, and Houston counsel Bryce Kaufman, with associate Sean Travers. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Sam Yang; on healthcare regulatory matters by Washington, D.C. counsel Nicole Liffrig Molife; and on employee benefits matters by Chicago partner Ben Rosemergy.~~

Jul 1

1 min

Private equity firms Hellman & Friedman and Valeas Capital Partners have completed their strategic investment in Baker Tilly US, LLP that valued the advisory CPA firm at over US$2 billion. Latham & Watkins LLP represented the lenders supporting the transaction with a team led by New York partners Michael Benjamin, Paul Bonewitz, Alfred Xue, Stelios Saffos, and Peter Sluka and Los Angeles partner Josh Holt, with associates Daniel Ovadia, Eric Dang, and Alexan Stulc.~~

Jun 11

1 min