Latham Advises on Financing for American Industrial Partners’ US$1.272 Billion Acquisition of Avanos Medical, Inc.

Affiliates of American Industrial Partners (AIP), an operationally oriented industrials investor, entered into an agreement to acquire Avanos Medical, Inc., a leading medical technology company, in an all‑cash transaction that values Avanos at an enterprise value of approximately US$1.272 billion.

Latham & Watkins LLP is representing the financing sources in the transaction with a team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, Jesse Sheff, Alfred Xue, Jason Bosworth, Nicole Fanjul, Clever Gallegos, and Hai Pham and counsel Seung‑Ju Paik, Katherine Page, and Linda Kim, with associates Chiara Eramo, Jess Sandor, Will Council, Sean Travers, and Jacob Ibrahim with assistance from Casey Pepa and April Yoon. Advice was also provided on executive compensation, employment, and benefits matters by partner Ben Rosemergy, with associate Kevin Matheny; on data and technology transactions matters by associates Victoria Allen and Zac Alpert; on healthcare and life sciences matters by partners Betty Pang and Eveline Van Keymeulen and counsel Chad Jennings, with associate Jeanne Fabre; on environment, land, and resources matters by associate Brian McCall; and on tax matters by partner Bora Bozkurt and counsel Kathryn Harrington.