Seale & Associates acted as financial advisor to ConvaTec Group (LON: CTEC), a global medical products company based in the United Kingdom on the divestiture of Sensi-Care and Aloe Vesta to Medline Industries.
Seale managed a competitive auction process with potential strategic and financial buyers for Sensi-Care and Aloe Vesta.
Seale’s disciplined approach allowed our client to maintain momentum, negotiating leverage throughout the process and ensure closing at a premium value and more favorable terms.
The process resulted in a successful acquisition of Sensi-Care and Aloe Vesta by Medline Industries, a healthcare company with almost USD$14 billion in annual sales.
The divestiture is part of ConvaTec’s strategy to focus on its core businesses and markets.