Audax Private Equity has announced it has entered into a definitive agreement to acquire the Clinical Services business of Avantor, Inc. (NYSE: AVTR), a leading life science tools company and global provider of mission-critical products and services to the life sciences and advanced technology industries. The deal is expected to close in the fourth quarter and is subject to regulatory approvals.
Latham & Watkins LLP represented the private credit funds in a financing to support the acquisition with a team led by partners Stelios Saffos, Conray Tseng, and Peter Sluka, with associate Ana Nunez Cardenas. Advice was also provided on data privacy matters by associate Kathryn Parsons-Reponte; on intellectual property matters by partner Jeffrey Tochner, with associate Sebastian Moss; on tax matters by partner Bora Bozkurt, with associate Kathryn Harrington; and on uniform commercial code matters by partner Larry Safran.
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