Sidley Represents Stonepeak in Akumin Acquisition of Alliance

Sidley is representing Stonepeak in its debt and equity financing to Akumin in connection with Akumin’s acquisition of Alliance Healthcare Services. Stonepeak’s financing commitment is for US$700 million to be used to fund the acquisition and, to the extent unused for the acquisition, under certain circumstances, may be used to fund future growth equity. The acquisition transaction has an enterprise value of US$820 million.

The Sidley team is being led by Cliff Vrielink, Ryan Scofield, and Tim Chandler, and included Meena Datta, Zackary Pullin, Nicholas Schwartz, Kristen Smith, Elizabeth Chen, Ash Nagdev, Samantha Seley, Mark Prior, Quan Lu, Jesse Burbank, Tanner Groce, Sarah O’Brien, and Brian DiFilippo.