Aveanna Healthcare’s Acquisition of Maxim’s Home Healthcare Unit

Edge Healthcare Partners, Barclays, BMO Capital Markets, Jefferies, and Deutsche Bank served as Aveanna’s financial advisors. Barclays, along with BMO Capital Markets, Jefferies and Deutsche Bank, provided committed financing to support the transaction, and will lead the debt syndication. Greenberg Traurig, LLP served as Aveanna’s legal advisor. Dechert, LLP served as legal advisor to J.H. Whitney Capital Partners. Kirkland & Ellis, LLP served as legal advisor to Bain Capital Private Equity. Foley & Lardner LLP served as Maxim’s legal advisor.

Aveanna Healthcare (“Aveanna”), a leading home healthcare company, today announced that it has entered into a definitive agreement to acquire the home healthcare division of Maxim Healthcare Services (“Maxim”). Maxim’s staffing services and population health and wellness divisions are not part of the agreement. The transaction, which is subject to the receipt of regulatory clearances and other customary closing conditions, is expected to close in the second quarter of 2019. Financial terms were not disclosed.

Greenberg Traurig, LLP represented Aveanna Healthcare with a team including Gary Snyder (Picture), Ronald Eisenman (Shareholder, Atlanta), Stacey Gallant (Shareholder, Atlanta), Stephanie Ratcliffe (Shareholder, Atlanta), Todd Wozniak (Shareholder, Atlanta), Stephen Pepper (Shareholder, New York), Harry Friedman (Shareholder, Fort Lauderdale/Phoenix), Maribel Nicholson-Choice (Shareholder, Tallahassee), Mindy Leathe (Shareholder, Miami), Jonathan Perry (Shareholder, Orlando), Jamie Rich (Shareholder, San Francisco), Brandon Eckford (Associate, Miami), Forrest Ragsdale (Associate, Orlando), Philip Person (Associate, San Francisco), Dylan Shea (Associate, Orlando), Rebecca Rotem (Practice Group Attorney, Washington, D.C.), Bethany Stokes (Project Attorney, Boston), and Nora Hernandez (Senior Paralegal, Atlanta).

The Dechert team advising J.H. Whitney Capital Partners included corporate partners Markus Bolsinger and Gregory Schernecke, tax partner Steven Clemens, antitrust partner Michael Weiner and international trade partner Jeremy Zucker, as well as antitrust counsel Jill Ross and Beverly Ang and corporate associates Jieun Paik and Shannon Cleary.

The Kirkland team was led by transactional partners Matthew O’Brien and Chris Elder and associate Lauren Yeager, debt finance partners Michelle Kilkenney and Thomas Dobleman, and antitrust partners James Mutchnik and Peter McCormack.

Foley & Lardner LLP served as Maxim’s legal advisor.

Involved fees earner: Beverly Ang – Dechert; Markus Bolsinger – Dechert; Shannon Cleary – Dechert; Steven Clemens – Dechert; Jieun Paik – Dechert; Jill Ross – Dechert; Gregory Schernecke – Dechert; Michael Weiner – Dechert; Jeremy Zucker – Dechert; Brandon Eckford – Greenberg Traurig; Ronald Eisenman – Greenberg Traurig; Harry Friedman – Greenberg Traurig; Stacey Gallant – Greenberg Traurig; Mindy Leathe – Greenberg Traurig; Maribel Nicholson-Choice – Greenberg Traurig; Stacey Orr Gallant – Greenberg Traurig; Stephen Pepper – Greenberg Traurig; Jonathan Perry – Greenberg Traurig; Philip Person – Greenberg Traurig; Forrest Ragsdale – Greenberg Traurig; Stephanie Ratcliffe – Greenberg Traurig; Jamie Rich – Greenberg Traurig; Rebecca Tracy Rotem – Greenberg Traurig; Dylan Shea – Greenberg Traurig; Gary Snyder – Greenberg Traurig; Bethany Stokes – Greenberg Traurig; Todd Wozniak – Greenberg Traurig; Thomas Dobleman – Kirkland & Ellis; Christopher Elder – Kirkland & Ellis; Michelle Kilkenney – Kirkland & Ellis; Peter McCormack – Kirkland & Ellis; James Mutchnik – Kirkland & Ellis; Matthew O’Brien – Kirkland & Ellis; Lauren Yeager – Kirkland & Ellis;

Law Firms: Dechert; Greenberg Traurig; Kirkland & Ellis;

Clients: Aveanna Healthcare; Bain Capital; J.H. Whitney Capital Partners;


Author: Ambrogio Visconti