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Latham & Watkins Advises TPG on Private Equity Investment in Compass Surgical Partners

January 24, 2024
Multidisciplinary team represents the global alternative asset management firm in the investment.

TPG (NASDAQ: TPG), a leading global alternative asset management firm, announced a significant strategic investment in Compass Surgical Partners, an independent full-service ambulatory surgery center (ASC) development and management partner. TPG Growth, the firm’s middle market and growth equity platform, is funding the investment, participating alongside existing investor Health Velocity Capital. As a strategic capital partner, TPG will bring valuable expertise to the Compass Surgical Partners leadership team, accelerating growth and scaling capacity in response to increased demand in ASC joint ventures from health system partners.

Latham & Watkins LLP advised TPG in the transaction with a corporate deal team led by Boston partner John Miller and Chicago/Boston partners Ian Bushner and Neal Reenan, with associates Grace Kim and Jack DeMeulenaere. Advice was also provided on healthcare matters by Chicago partner Kevin Miller and Washington, D.C. counsel Nicole Liffrig Molife, with associate Margaret Rote; on employee benefits matters by Chicago partner Benjamin Rosemergy, with associates Samantha Voutyras and Valerie Silva; on tax matters by Bay Area partner Katharine Moir, with associate Ronald Moore; on data privacy matters by Bay Area partner Heather Deixler, with associate Mitch Bennett*; on real estate matters by Chicago partner Robert Buday and New York counsel Karen Ritter; on finance matters by Washington, D.C./New York partner Manu Gayatrinath, with associate Sara Shahmiri; and on antitrust matters by Bay Area partner Kelly Fayne and Washington, D.C. counsel Patrick English.

*Admitted to practice in New South Wales (Australia) only.