Agiliti to be taken private; may expand existing credit agreement

Chicago, Feb. 26 – Agiliti Inc. announced that the company will become a private company in a buyout by an affiliate of private equity firm Thomas H. Lee Partners, LP of the company’s shares at $10.00 per share in cash for an implied enterprise value of about $2.5 billion, according to an 8-K filing with the Securities and Exchange Commission.

The agreement includes an equity commitment letter but also a provision for the possible attainment of additional financing, defined as an expansion of an existing credit facility.

The transaction is expected to close in the first half of 2024.

Agiliti will no longer be traded on the New York Stock Exchange after the merger is consummated.

Centerview Partners LLC is acting as exclusive financial adviser to the special committee of the Agiliti board of directors. Weil, Gotshal & Manges LLP is acting as legal counsel to the special committee. Goldman Sachs & Co. LLC is acting as exclusive financial adviser to Thomas H. Lee. Ropes & Gray LLP is acting as legal counsel to the private equity firm.

Agiliti is an Eden Prairie, Minn.-based provider of health care technology management and service solutions.

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