IFLR1000

Stryker $2.78 billion acquisition of Sage Products

1/4/2016
Public acquisition
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$ 2.78 billion

Completed

1/4/2016

Overview:

  • Medical device manufacturer Stryker has completed its $2.78 billion acquisition of personal care products distributor Sage Products.
  • Sage was sold by private equity firm Madison Dearborn Partners.
  • The deal was first announced in February, 2016.
  • Sullivan & Cromwell (Keith Pagnani, Scott Crofton) advised Stryker.
  • Kirkland & Ellis (Sandy Perl, Mark Fennell, Matthew Mauney) and Madden Jiganti Moore & Sinars advised Sage and Madison Dearborn.
  • Davis Polk & Wardwell (Alan Denenberg) represented Stryker financial adviser JPMorgan Chase.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Healthcare

Firms:
Davis Polk & Wardwell

Party: JPMorgan Chase (Financial adviser)

Lawyer: Alan Denenberg

Kirkland & Ellis

Party: Sage Products (Target)

Party: Madison Dearborn Partners (Seller)

Lawyer: Sanford Perl

Madden Jiganti Moore & Sinars

Party: Sage Products (Target)

Party: Madison Dearborn Partners (Seller)

Sullivan & Cromwell

Party: Stryker (Acquirer)

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