Banking Recap

M&A Transaction Announced for $2.50B

This deal is a take-private cash merger classified as an M&A transaction, involving Agiliti, Inc. as target and an affiliate of Thomas H. Lee Partners, L.P. (THL) as acquirer. The disclosed value of the transaction is $2,500,000,000. No sector classification is specified in the facts block.

Feb 26, 2024·SEC EDGAR (8-K)·pending regulatory·take-private / cash merger

Deal value

The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on February 26, 2024. The deal's current status is pending regulatory approval.

On the financial advisory side, Centerview Partners LLC acted as exclusive financial advisor to the Special Committee of Agiliti, the target, in a lead capacity. Goldman Sachs & Co. LLC acted as exclusive financial advisor to THL, the acquirer, also in a lead capacity.

On the legal side, Weil, Gotshal & Manges LLP acted as legal counsel to the Special Committee of Agiliti, the target, while Ropes & Gray LLP acted as legal counsel to THL, the acquirer.

Beyond the cash consideration and take-private structure, with a disclosed deal value of $2,500,000,000, no further detail on per-share pricing or financing sources is provided in the facts block.

Several items are not disclosed in the available record. No sector classification is given, and no further structural detail beyond the take-private cash merger classification and disclosed value is provided. No expected closing date or further timeline detail beyond the February 2024 filing date and pending-regulatory status is given.