McGuireWoods advised private equity firm Seven Hills Capital in its recapitalization of Reliable Medical Supply, a Minnesota-based provider of rehabilitation technology, clinical respiratory products and durable medical equipment and supplies.
Seven Hills partnered with ORIX Mezzanine and Private Equity to provide equity financing. Wintrust provided senior debt financing and Northcreek Mezzanine and Harbert Credit Solutions contributed mezzanine debt along with an equity co-investment. Financial terms were not disclosed.
Lawyers from McGuireWoods’ M&A, private equity, healthcare, debt finance and tax practices assisted Seven Hills in closing the deal. Chicago partner Geoff Cockrell and senior counsel Greg Hawver led the core deal team, which included associate Alyssa Campbell. Partners Gretchen Heinze Townshend, Clayton Stallbaumer and associate Trey Andrews in Chicago and partner Gerald Thomas in Atlanta also assisted in the transaction.
“We were proud to represent Seven Hills in this significant investment and showcase McGuireWoods’ capabilities in healthcare private equity transactions,” said Cockrell, who leads the firm’s private equity team.
Seven Hills Capital is a Chicago-based private equity platform focused exclusively on healthcare services opportunities often overlooked by larger sponsors. Founded by former operators, Seven Hills works to build long-term businesses through collaboration with all stakeholders.
Mergers & Acquisitions magazine named McGuireWoods “Law Firm of the Year” in its Mid-Market M&A Awards, honoring the firm for the growth of its deal work and for innovative, client-focused private equity initiatives. The firm consistently ranks among the leaders for U.S. M&A and private equity deals in authoritative league tables published by Thomson Reuters and Bloomberg.