The Gambro acquisition is Baxter’s largest ever,
according to Bloomberg
, and will bolster a Baxter kidney equipment unit that provides dialysis machines and treatments to hospitals and other medical facilities.
For legal counsel on the transaction, Baxter turned to a
Kirkland & Ellis
team led by Chicago-based corporate partners R. Scott Falk and Roger Rhoten. Kirkland is a longtime legal adviser to Baxter. Among the recent matters the firm has handled for the Deerfield, Illinois–based company:
its $325 million acquisition of Synovis Life Technologies
in December 2011.
is serving as local counsel to Baxter on its bid for Gambro through corporate partner Johan Winnerblad in Stockholm.
partner Michael Sennett in Chicago is serving as antitrust counsel to Baxter, whose general counsel is
Latham & Watkins
corporate partner and strategic client initiative chair Charles Ruck in Costa Mesa, California, and M&A cochair M. Adel Aslani-Far in New York are advising JPMorgan Chase, which is serving as financial adviser to Baxter on the deal.
Roger Johnson, head of the private equity group in the Nordic region at Linklaters, has taken the lead advising on the proposed sale of Gambro to Baxter.
serves as general counsel and head of corporate governance and compliance at Investor AB, while
was named EQT’s general counsel earlier this year.
As for Baxter’s acquisition of Gambro, the sale is expected to close in the first half of 2013, pending regulatory approvals and other customary closing conditions.