Simpson Thacher advised Medline Inc. on its secondary offering of Class A common stock by certain selling stockholders affiliated with Blackstone Inc., The Carlyle Group Inc., Hellman & Friedman LLC and a wholly owned subsidiary of the Abu Dhabi Investment Authority. The offering of 86,250,000 shares of Medline Inc. Class A common stock, including the full exercise of the underwriters’ option to purchase additional shares, raised approximately $3.5 billion in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
Medline Inc. is the largest provider of medical-surgical products and supply chain solutions serving all points of care. Through its broad product portfolio, resilient supply chain and leading clinical solutions, Medline helps healthcare providers improve their clinical, financial and operational outcomes. Headquartered in Northfield, Ill., the company employs more than 45,000 people worldwide and operates in more than 100 countries.
The Simpson Thacher team included Josh Bonnie, Jonathan Ozner, Katharine Thompson, Evan Hunt, Samantha Sergent, Kelsey Henderson and Noor Irshaidat (Capital Markets); Jonathan Goldstein, Sophie Staples and Matthew Lester (Tax); Gregory Grogan, Gary Tashjian, Guanxiong Xu and Jesslyn Nunez (Executive Compensation and Employee Benefits); Charles Mathes, Eliza Murray and Anna Jarman (Public Company Advisory Practice); Vanessa Burrows and Jacob Madden (Healthcare); and James Rapp, Bettina Elstroth and Joshua Traube (Section 16/Section 13). Patrick McCamy also provided valuable assistance.