Kirkland & Ellis LLP represented Madison Dearborn Partners in the $2.775 billion sale of Sage Products, LLC, to Stryker Corporation (NYSE: SYK) in an all cash transaction. Sage is a leading developer of innovative products used to prevent hospital-acquired conditions. The closing of the transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The transaction is expected to close in the second quarter of 2016. More information on the deal is available here.
The Kirkland team was led by corporate partners Sanford Perl, Mark Fennell and Matthew Mauney.