Exactech (or “the Company”), a global medical technology leader, this week announced a critical milestone in its restructuring process whereby a group of investors – including funds managed by Strategic Value Partners, LLC (together with its affiliates, “SVP”) and Stellex Capital Management LLC – has been designated as the winning bidder to acquire substantially all of Exactech’s assets. The company is scheduled to present the sale for court approval on March 27 with closing expected in May, subject to regulatory approval, enabling the Company to successfully emerge from its restructuring process with an improved balance sheet and stronger foundation to execute its mission to be the leading surgeon partner in orthopedics and drive long-term growth.
Read the full article: Investment Firms Deemed Winning Bidder to Become Exactech’s New Owners //
Source: https://www.prnewswire.com/news-releases/investment-firms-deemed-winning-bidder-to-become-exactechs-new-owners-302398723.html