Kirkland & Ellis LLP represents Madison Dearborn Partners and Patterson Medical, a leading distributor of rehabilitation, sports medicine and assistive patient products, which announced today that it has signed a definitive agreement to acquire Performance Health, a leading manufacturer and supplier of consumer branded health, wellness and self-care products. Patterson Medical, backed by majority shareholder Madison Dearborn Partners, is acquiring Performance Health from Gridiron Capital. The transaction, subject to customary closing conditions, is expected to be completed in the summer of this year. Financial terms were not disclosed. More information on the transaction is available here.
The Kirkland team is led by corporate partners Sanford Perl, Mark Fennell and Matthew Mauney, debt finance partner Michael Wright, and tax partner Rachel Cantor.