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Latham & Watkins Advises Apollo in Strategic Investment in McKesson’s Medical-Surgical Solutions Business
Latham & Watkins LLP advised Apollo Funds in a significant strategic investment in McKesson’s Medical-Surgical Solutions (MMS) business. Apollo Funds will acquire approximately 13% minority ownership in MMS through a US$1.25 billion investment in convertible preferred equity. The transaction highlights continued private equity interest in the healthcare services sector, with Latham & Watkins leading the corporate deal team for Apollo.