Kirkland & Ellis is advising Patient Square, a dedicated health investment firm, on the $4.1 billion acquisition of Patterson Companies, Inc. (Nasdaq: PDCO), a leading dental and animal health distributor. A definitive agreement was announced December 11, 2024, and the transaction is expected to close in the fourth quarter of Patterson’s fiscal 2025, subject to the receipt of shareholder approval, regulatory approvals and customary closing conditions. Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share, representing an approximately 49% premium to Patterson’s 30 calendar day volume-weighted average price ending December 4, 2024 (the last trading day prior to Patterson announcing the evaluation of strategic alternatives).
The Kirkland team included corporate lawyers Maggie Flores, Michael Weisser and Oliver Yee; debt finance lawyers John Ilardo, Jason Kanner and Joel Weinberger; capital markets lawyers Julia Danforth and Sophia Hudson; and tax lawyer Mark Schwed.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
