October 28, 2003
Madeline Industries Inc. and private equity fund Round Table Healthcare Partners tender a winning bid of $101 million for Willkie client bankrupt Maxxim Medical Group.
October 28, Madeline Industries Inc. and private equity fund Round Table Healthcare Partners tendered a winning bid of $101 million for Willkie client bankrupt Maxxim Medical Group. The deal, which includes cash and debt assumption, is expected to close on November 10. Maxxim’s bank group also struck an agreement with the creditors committee with respect to division of proceeds that should push forward the company’s emergence from bankruptcy. The October 29 edition of The Daily Deal reports that Willkie partners Myron Trepper and Michael Kelly, and associate Daniel McElhinney are debtor counsel for Maxxim.