McKesson Corporation (NYSE: MCK), a leading healthcare services company, announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo, under which Apollo Funds will acquire a minority ownership interest in McKesson’s Medical-Surgical Solutions (MMS) business. Apollo Funds will invest US$1.25 billion in convertible preferred equity of MMS to acquire an approximately 13% minority interest in MMS.
Latham & Watkins LLP represents Apollo in the transaction with a corporate deal team led by New York partners Tracey Zaccone, Michael Anastasio, Salvatore Vanchieri, and Julian Azran.
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