December 23, 2004
Kelley Drye closed the acquisition of the worldwide assets of Aircast Incorporated, a manufacturer and distributor of pneumatic casts and other products for the treatment of orthopedic injuries, by Thomas Weisel Capital Partners. This transaction entailed asset purchase and debt financing closings in the United States and in a number of European countries. These were coordinated to occur on the same day, making the acquisition extraordinarily challenging, both legally and logistically. Thomas Weisel Capital Partners is a private equity fund managed by New York-based private equity firm Tailwind Capital Partners, and affiliated with San Francisco-based investment banking firm Thomas Weisel Partners.