Aspen Acquisition Secures Advanced Orthopaedics
Deal News | Feb 03, 2025 | Paul Hastings
Aspen Acquisition, LLC, a portfolio company of Cortec Group specializing in spine innovation for pain and mobility management, has completed the acquisition of Advanced Orthopaedics, LLC, a manufacturer and supplier of bracing solutions and orthopedic soft goods. The transaction was facilitated by Paul Hastings LLP. The legal team at Paul Hastings was led by Brian Richards, co-chair of the Global Private Equity practice, alongside associate Michael Kesler, and supported by a team of partners and associates specializing in various areas. Paul Hastings has established itself as a leading law firm with a strong focus on investment banks, asset managers, and corporations on a global scale.
Sectors
- Healthcare Equipment & Supplies
- Legal Services
- Private Equity
Geography
- United States – Aspen Acquisition and Advanced Orthopaedics are likely based in the U.S., where the acquisition took place, and Paul Hastings operates in the legal landscape.
Industry
- Healthcare Equipment & Supplies – The acquisition involves companies that manufacture and supply orthopedic goods, indicating their position in the healthcare equipment sector.
- Legal Services – Paul Hastings, a law firm, played a crucial role in advising Aspen Acquisition on this deal, highlighting the importance of legal services in M&As.
- Private Equity – Cortec Group's involvement as the parent company of Aspen Acquisition points to activities in the private equity sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aspen Acquisition, LLC | Bidding Company | Company | A portfolio company of Cortec Group and leader in spine innovation for pain and mobility management. |
| Advanced Orthopaedics, LLC | Target Company | Company | A leading manufacturer and supplier of bracing solutions and orthopedic soft goods. |
| Cortec Group | Private Equity Firm | Company | The private equity firm owning Aspen Acquisition, LLC. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising Aspen Acquisition on the acquisition of Advanced Orthopaedics. |