After finally clearing legal challenges from regulators, Eden Prairie-based Surmodics is now a private company again. Chicago-based GTCR closed on its $627 million deal for Surmodics on Wednesday November 19. A favorable court ruling on Nov. 10 from the U.S. District Court for the Northern District of Illinois cleared the way for the deal to proceed. “With incremental clarity from the FTC, we are pleased to be able to move forward with closing the acquisition by GTCR,” Surmodics CEO Gary Maharaj said Monday November 17 in a news release. The FTC declined to appeal the ruling, leading to the deal’s close.
Read the full article: Private Equity Firm Finally Closes $627M Deal to Acquire Surmodics //
Source: https://www.startribune.com/gtcr-surmodics-acquisition-closes-ftc-ruling-against-antitrust/601530312