NN, Inc.’s $375 million acquisition of Paragon Medical


Bass, Berry & Sims advised NN, Inc. on the deal

NN, Inc., (NASDAQ: NNBR) a diversified industrial company, has entered into a definitive agreement to acquire PMG Intermediate Holding Corporation, the parent company of Paragon Medical, Inc. for $375 million in cash. Paragon Medical is a medical device manufacturer which focuses on the orthopedic, case and tray, implant and instrument markets. NN anticipates the transaction will close in the second quarter of 2018 and is subject to customary closing conditions and regulatory approval. Additional information about the transaction can be found in the supplemental deck on NN’s website, www.nninc.com. SunTrust Robinson Humphrey is acting as the financial advisor to NN, and Bass, Berry & Sims PLC is serving as the legal advisor to NN.

Paragon Medical creates partnerships with its customers by providing premier engineering from inception of a project to its completion. Paragon works with customers in the development of value engineered products that meet the demands of a changing global market.

NN, Inc., a diversified industrial company led by Richard D Holder, Scott M Weinstein and Elvin C Tyler and based in Johnson City.

The company, in 2017 recorded $619 Million Revenues.

Bass, Berry & Sims advised NN Inc, with a team including, Gardner B. Bell, Noah R. Black, John W. Dawson IV, Davidson French, B. Taylor Gray, Jay H. Knight (Picture), Carin MacAllister, Richard F. Mattern, Bryan W. Metcalf, Frank M. Pellegrino, Mary Leigh Pirtle, Marisa Rouse, Susan V. Sidwell, Lucas Ross Smith, James S. Tate, Jr., Shelley R. Thomas, David A. Thornton, T. Gaillard Uhlhorn, V and Rodrigo N. Valle

Involved fees earner: Gardner Bell – Bass Berry & Sims; Jay Knight – Bass Berry & Sims; Carin MacAllister – Bass Berry & Sims; Richard Mattern – Bass Berry & Sims; Frank Pellegrino – Bass Berry & Sims; Susan Sidwell – Bass Berry & Sims; Noah Black – Bass Berry & Sims; Davidson French – Bass Berry & Sims; Mary Leigh Pirtle – Bass Berry & Sims; David Thornton – Bass Berry & Sims; John Dawson IV – Bass Berry & Sims; Taylor Gray – Bass Berry & Sims; Marisa Rouse – Bass Berry & Sims; James Tate Jr. – Bass Berry & Sims; Gaillard Uhlhorn V – Bass Berry & Sims; Bryan Metcalf – Bass Berry & Sims; Lucas Ross Smith – Bass Berry & Sims; Shelley Thomas – Bass Berry & Sims; Rodrigo Valle – Bass Berry & Sims;

Law Firms: Bass Berry & Sims;

Clients: NN Inc.;

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Author: Ambrogio Visconti