Kirkland Counsels Bain Capital in Surgery Partners Investment, Equity Commitment to $760 Million National Surgical Healthcare Acquisition

Kirkland & Ellis LLP advised Bain Capital Private Equity, a leading global private investment firm, on its agreement to acquire H.I.G. Capital’s stake in Surgery Partners, Inc. (NASDAQ:SGRY) and simultaneously commit to provide equity capital for the acquisition by Surgery Partners, a leading healthcare services company, of National Surgical Healthcare (NSH), an owner and operator of surgical facilities in partnership with local physicians, from Irving Place Capital for a purchase price of approximately $760 million. Bain Capital Private Equity’s funding for Surgery Partners’ acquisition of NSH will be provided in exchange for a preferred equity security in the company. The full release is available here.

The Kirkland team was led by corporate partners Neal J. Reenan, Ian Bushner and Sarkis Jebejian and associates Nathan Davis, Billy Means and Robert McLellarn; and capital markets partners Dennis Myers and Wayne Williams.