Ropes & Gray has advised Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm, on its acquisition of Agiliti Inc., a nationwide provider of medical technology management and service solutions to the healthcare industry.
THL will acquire all outstanding shares of Agiliti common stock not currently owned by THL and its affiliates and certain management shareholders for $10.00 per share in cash, implying an enterprise value of approximately $2.5 billion.
The transaction is expected to close in the first half of 2024, subject to customary closing conditions. The acquisition was announced on Feb. 26 in a press release.
The Ropes & Gray team was led by capital markets partner Craig Marcus, private equity partners Will Shields, Scott Abramowitz, Chris Poggi and Scott Rolnik, employment, executive compensation and employee benefits partners Renata Ferrari and Kyle Higley, and asset management partners John Ayer and Peter Laybourn.
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