Mergers and Acquisitions

Craig has represented Teleflex Incorporated (NYSE: TFX), a global medical device company, in its mergers and acquisitions activity since 2005. During that time, the company's transactions focused on its transition from an established diversified industrial company to a pure-play global medical device company. The recent transactions include:

• The acquisition of Z-Medica LLC, an industry-leading manufacturer of hemostatic products, for an upfront cash payment of $500 million at closing, and up to $25 million upon the achievement of certain commercial milestones.
• The acquisition of Standard Bariatrics Inc., which has commercialized an innovative powered stapling technology for bariatric surgery, for an upfront cash payment of $170 million at closing, with additional consideration of up to $130 million payable upon the achievement of certain commercial milestones.
• The acquisition of IWG High Performance Conductors, a manufacturer of wire and tubing components used in medical devices, for $260 million.
• The sale of a significant portion of its respiratory business to Medline Industries Inc. for $286 million in a cross-border carve-out transaction. 
• The acquisition of Traverse Vascular Inc., a developer of next-generation microcatheter designed to help in chronic occlusions in coronary and peripheral vasculature.

Other Business Transactions

• Represented DuPont in the sale of its glass lamination and vinyls business to a publicly traded Japanese manufacturer of chemicals, fibers and other materials for $543 million plus the value of inventories in a cross-border carve-out transaction. 
• Represented Teleflex in the sale of its business units that design and manufacture automotive and industrial driver controls, motion systems and fluid-handling systems to Kongsberg Automotive Holding ASA; the cash transaction was valued at $560 million and involved 34 manufacturing sites worldwide in a cross-border carve-out transaction.  
• Represented DuPont in the sale of its liquid packaging business to investment affiliates of a U.S.-based private equity fund in a cross-border carve-out transaction. 
• Represented a family-owned third-party logistics provider that helps manufacturers and their retail partners distribute goods throughout the U.S. and Canada in its acquisition by investment affiliates of a U.S.-based private equity fund.
• Represented Eastern Bag and Paper Company Inc. (EBP Supply Solutions) in its sale to Imperial Dade.
• Represented Wei Beauty, a family-owned global skincare company, in its sale of a 68 percent stake to Fosun International
• Represented Buckeye Partners, L.P., a provider of midstream logistic solutions for liquid petroleum products, in the sale of certain of its domestic pipeline and terminal assets to InstarAGF Asset Management for cash consideration of $450 million and the negotiation of a long-term agreement for the operation and maintenance of such pipeline and terminal assets for the buyer.
• Represented a Fortune 100 multinational medical device, pharmaceutical and consumer packaged goods company in its exclusive worldwide collaboration agreement which allows for the joint development and licensing of early-stage compounds for use in orthopedic reconstructive areas and the evaluation of the use of certain drugs for additional orthopedic uses.
• Represented a Fortune 100 multinational medical device, pharmaceutical and consumer packaged goods company in its acquisition of a leading global company in the high-speed surgical power tools market.