Sidley Represents AIP in Its US$1.272 Billion Acquisition of Avanos Medical

Sidley represented operationally-oriented industrials investor American Industrial Partners (AIP) in its US$1.272 billion all-cash acquisition of Avanos Medical, Inc. (NYSE: AVNS). Under the terms of the agreement, Avanos stockholders will receive US$25.00 per share in cash for each share of common stock they own. Avanos is a medical device company with manufacturing facilities in the U.S., Mexico, and Canada. Its products focus on two segments, Specialty Nutrition Systems and Pain Management and Recovery, to improve patient outcomes and reduce the cost of care.

The Sidley team was led by Justin Macke, Adam Cromie, and MK Han (M&A and Private Equity), and includes Lisa Holzman, Amy Jang, and Hannah Vance (M&A and Private Equity); Greg Marrs, Karim Pirani, and Steven Szymanski (Employee Benefits and Executive Compensation); Kyle Barnett (Technology and Life Sciences Transactions); Mike Bettinger (IP Litigation); Christian Brause and Eric Grosshandler (Tax); Kyle Fiet and Boyd Greene (Global Arbitration, Trade and Advocacy); Donielle McCutcheon, Kim Schroer, and Emily Schneider (Healthcare); Diane McEnroe, Josefine Sommer, Michelle Gandolfo, and Julea Lipiz (Food, Drug and Medical Device); Alex Kaplan and Deborah Sands (Securities and Shareholder Litigation); Michael Mann (White Collar Defense and Investigations); Teresa Reuter and Amelia Moore (Labor, Employment and Immigration); and Adriane Peralta and Julie Becker (Product Liability and Mass Torts).