Sterlington Advises on $1.27 Billion Take-Private of Avanos Medical
Event summary
- Sterlington advising Avanos Medical management on $1.27 billion take-private acquisition by American Industrial Partners.
- Transaction marks Sterlington's involvement in 25% of US take-private deals ($1B+ EV) over the past year.
- Firm has recently advised on multiple healthcare-sector engagements, including Syneos Health and Florida Cancer Specialists.
The big picture
This deal continues Sterlington's strong run in advising on large-scale take-private transactions, positioning it as a key player in private equity-backed management advisory work. The healthcare sector appears to be an increasingly important focus for the firm, aligning with broader industry trends of consolidation and private investment in medical technology companies.
What we're watching
- Private Equity Activity
- Whether Sterlington can maintain its leadership position in large-scale take-private transactions.
- Healthcare Sector Focus
- The pace at which Sterlington expands its healthcare-sector advisory work following multiple recent engagements.
- Management Advisory Trends
- How this transaction affects the growing demand for specialized legal advice in management-led take-private deals.
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