Philips Completes £29 Million Acquisition of Electrical GeodesicsJuly 20, 2017
S&C client Philips completed its previously announced acquisition of Electrical Geodesics, Inc. (EGI), a neurodiagnostic medical device company based in Eugene, Oregon, for aggregate cash consideration of £29 million. Prior to the acquisition, EGI was listed on AIM, a market operated and regulated by the London Stock Exchange.
The S&C team was led by Matthew Hurd and Rita-Anne O'Neill, along with Edward Xia and James Wigginton. Ben Perry and Elizabeth Botcherby advised on U.K. law matters; Regina Readling and Sarah Remmer Long advised on executive compensation and benefits matters; Nader Mousavi and Joshua Steinberger advised on intellectual property matters; Eric Wang, Eric Lopata and Emma Hardwick advised on tax matters; Eric Queen advised on antitrust matters; Matthew Brennan advised on environmental matters; Eric Kadel advised on export-related matters; and Theodore Edelman advised on anti-bribery and anti-corruption matters.