ILC Dover’s Acquisition of Flexan

Simpson Thacher advised New Mountain Capital on the transaction.

New Mountain Capital announced the acquisition of Flexan by ILC Dover, a New Mountain Capital portfolio company. The transaction is expected to close by August 2021 subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.

Flexan is a leading medical device contract design and manufacturing organization that specializes in silicone, thermoplastic and specialty rubber components and devices.

ILC Dover, LP is a special engineering development and manufacturing company, globally headquartered in Newark, Delaware. ILC Dover specializes in the use of high-performance flexible materials, serving the aerospace, personal protection, and pharmaceutical industries

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $33 billion in assets under management.

The Simpson Thacher team includes Elizabeth Cooper (Picture), Johanna Mayer and Ben Kloss (M&A); Greg Grogan, Caitlin Fitzgerald and Guanxiong Xu (Executive Compensation and Benefits); Andrew Purcell and Dmitry Zelik (Tax); Genevieve Dorment, Bobbie Burrows and Hilary Wong (Intellectual Property); Krista McManus and Dennis Loiacono (Real Estate); Noreen Lavan and Timothy Mulvihill (Environmental); Vanessa Burrows (Healthcare Regulatory); Christopher Brown, Benjamin Persina and Mark Haddox (Credit); and Peter Guryan and Max Fischer-Zernin (Antitrust)

Involved fees earner: Christopher Brown – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Vanessa Burrows – Simpson Thacher & Bartlett; Elizabeth Cooper – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Maxime Fischer-Zernin – Simpson Thacher & Bartlett; Caitlin Fitzgerald – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Mark Haddox – Simpson Thacher & Bartlett; Benjamin Kloss – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Johanna Mayer – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Benjamin Persina – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Hilary Wong – Simpson Thacher & Bartlett; Guanxiong Xu – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: New Mountain Capital;

Author: Martina Bellini