LONDON – Nov. 7, 2016 – Greenberg Traurig London represents Smiths Group plc on the divestment of its Wallace product line, a part of the specialty products segment of Smiths Medical, to CooperSurgical, Inc. for a value of £140 million, subject to customary closing adjustments.
Smiths Group is a global technology company which delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Smiths Medical is a leading supplier of specialty medical devices and consumables that aid in the delivery of medication, protect healthcare workers and patients from cross-infection and injury, manage patient airway and temperature, and deliver specialised care in diagnostics and emergency patient transport.
Wallace was a pioneer in in-vitro fertilisation (IVF) representing 2% of Smiths Medical revenue, with approximately £12 million of operating profit, and will form part of CooperSurgical's offering in supplying women’s health clinicians with market-leading products and treatment options.
The Greenberg Traurig Smiths Group team of shareholders and associates in London included Henrietta Walker, Gary Cooper, David Hirschman, Omar Anwar, Sarah F. Moyles and Amrik Singh Bhella advising on corporate law; Lisa Navarro and Simon Harms advising on anti-trust and competition matters; Naomi Feinstein, Rob Collier-Wright and Wynne Turner advising on employment; Luke Dixon on intellectual property; and Graham Iversen on tax matters.
The team was supported by trainee solicitors Lauren Mitchell and Patrick Fahy.
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