Davis Polk Advises Tailwind Capital on Its Acquisition of Avita Drugs
Davis Polk advised Tailwind Capital and its portfolio company, Long’s Drugs Inc., in connection with Long’s acquisition of Avita Drugs Inc. Financial terms of the transaction were not disclosed.
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within health care, business and industrial services. Long’s is a comprehensive pharmacy services provider in South Carolina, North Carolina and Georgia. Headquartered in Baton Rouge, Louisiana, Avita operates a network of pharmacies in Louisiana, Texas and North Carolina that serve the needs of people living with chronic health conditions.
The Davis Polk corporate team included partner Leonard Kreynin, associates Evan Rosen and Nicholas J. Marricco and former associate Brian L. Friedman. Counsel Ron M. Aizen provided executive compensation advice. Partner Kathleen L. Ferrell and associate Anne E. McGinnis provided tax advice. Associate Michelle Ontiveros Gross provided intellectual property and technology advice. Counsel Sangeeta Reddy provided real estate advice. Counsel Mary K. Marks provided antitrust and competition advice. Members of the Davis Polk team are based in the New York and Northern California offices.