Simpson Thacher represented funds managed by Angeles Equity Partners in the acquisition of Xanitos, Inc., a specialized provider of environmental services (EVS) to hospitals and other acute care settings nationwide. Financial terms were not disclosed.
Angeles Equity Partners is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm’s strategic, operational and M&A capabilities.
Xanitos is a mission-driven company focused on helping to save lives through the delivery of high-quality on-site services such as EVS, linen distribution, laundry management and patient transport to hospitals nationwide. Their proprietary systems and software, including the patented XRO (Xanitos Room Optimization) cleaning system, allow Xanitos to deliver improved performance metrics, such as higher Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) scores and reduced infection rates, at a compelling value to client hospitals.
The Simpson Thacher team included Greg Klein, Jonathan Conigliari, Daniel Switts, Christine Cho and Maxwell Parauda (M&A); Andrew Blau and Alan Fenyes (Executive Compensation and Employee Benefits); Christopher Brown, Mark Haddox and Tina Zheng (Banking); Sophie Staples (Tax); Lori Lesser and Melanie Jolson (IP); and Steve DeLott (Insurance). Summer Associate Theodore Schneider provided invaluable assistance.