Jackson Walker Represents Acelity in $6.725B Sale to 3M
Jackson Walker represented Acelity, Inc. and its KCI subsidiaries in the sale of its business to 3M for approximately $6.725 billion. The transaction is expected to close in the second half of 2019, subject to customary closing conditions and regulatory approvals.
Acelity is a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand. As part of the transaction, KCI will become an integral part of 3M’s Medical Solutions business, which applies 3M science to deliver safe and effective solutions that improve clinical outcomes and healthcare economics.
Representing Acelity/KCI was a Jackson Walker team of San Antonio Corporate & Securities attorneys led by William J. McDonough and James M. McDonough with assistance from Alexine Zacarias Friedman, Noah Speck, Arturo Cavazos, Jr., and Ruth S. Thomson. New York attorneys from Simpson Thacher & Bartlett also represented Acelity and KCI in the sale.
For more information, read The Texas Lawbook’s “Jackson Walker Advises KCI on $6.725B Sale to 3M with Simpson” and the KCI news release. To explore Jackson Walker’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit our Corporate & Securities practice page.
William J. McDonough advises businesses regarding mergers and acquisitions; public and private securities offerings; joint ventures; and general corporate law. He counsels clients in acquiring and divesting companies and assets, collaborating closely with other lawyers, accountants, investment bankers and business advisors to address the complex issues that characteristically arise in merger and acquisition transactions.
James M. McDonough counsels clients on a broad range of projects involving corporate finance, commercial real estate, and mortgage lending, including traditional bank commercial loans, publicly and privately placed debt offerings, and syndicated commercial loans; municipal bond transactions; and securitization of financial assets. Jimmy is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.