Simpson Thacher represented Angeles Equity Partners in its sale of its portfolio company Xanitos, Inc to Bessemer Investors, LLC. Financial terms of the transaction were not disclosed.
Founded in 2008, Xanitos provides hospital housekeeping, patient transport, and linen services to hospitals and other acute care settings nationwide. Its patented XRO® System removes dirt, dust, and pathogens from the hospital, creating a cleaner and safer environment. Angeles Equity Partners acquired Xanitos in 2021.
The Simpson Thacher team included Gregory Klein, Kevin Tsai, Julian Alsarhn and Stephen Abrahms (M&A); Sophie Staples, Russell Light and Andrew Wasilick (Tax); Harry N. Hudesman and Nicolas Deguines (ECEB); Ron Ben-Yehuda (IP); Alexander Franchilli (Data Privacy); and Young Bin “Peter” Bang, Andrew Won and Ryan Lin (Acquisition Finance).