Exactech Enters Comprehensive Restructuring Support Agreement and Stalking Horse Purchase Agreement Valued at $450+ Million

In The News
November 1, 2024

Ropes & Gray represents Exactech, a global medical technology leader, in connection with its chapter 11 bankruptcy cases. Prior to commencing chapter 11, Exactech entered into a comprehensive restructuring support agreement and asset purchase agreement with a group of its existing investors, pursuant to which the investor group will serve as the “stalking horse” bidder to acquire substantially all of the company’s assets. The investor group will support the company through the restructuring process, including by providing approximately $85 million of additional financing to fund Exactech’s operations. The announcement was made in an Oct. 29 press release.

This team included business restructuring partners Ben Rhode, Ryan Preston Dahl, and Matthew Czyzyk, private equity partners Jennifer Harris and Jim Davis, tax partners Ben Rogers and Eric Behl-Remijan, litigation & enforcement partners Rob Roberts, Dan McCaughey, and Lisa Kaltenbrunner, life sciences partners Lincoln Tsang and Greg Levine, executive compensation & employee benefits partner Kyle Higley, and health care partner Christina Bergeron.