May 31, 2006
Kelley Drye represented the stockholders of Aircast Incorporated, a leading designer and manufacturer of orthopedic devices, in the proposed sale of Aircast to dj Orthopedics, Inc., a global medical device company, for approximately $290 million in cash. Among other stockholders, Kelley Drye represented existing clients Tailwind Capital, the majority owner of Aircast, and Credit Suisse Private Equity in the transaction, which is expected to be completed in the first or second quarter of 2006, subject to customary governmental approvals and closing conditions. Various publications reported on the matter, including The Wall Street Journal, the Daily Deal and the New Jersey Law Journal.
Kelley Drye collaborated with several members of the antitrust group at Collier Shannon Scott on this transaction, including Partner Bill MacLeod and Associate Victoria Lippincott and Senior Economist Dr. Robert Fenili of Georgetown Economic Services.