13 February 2020
Taylor Wessing has advised Digital Surgery, a privately-held pioneer in surgical AI, data and analytics and digital education and training, on its sale to Medtronic, the global leader in medical technology.
The acquisition of Digital Surgery will strengthen Medtronic's robotic assisted surgery platform and has wider applicability for the Medtronic broader portfolio.
Digital Surgery will remain headquartered in London where there are plans for continued investment and workforce expansion. The company's executive team, including the two surgeon co-founders, Dr Andre Chow and Dr Jean Nehme, will remain in place and continue to provide leadership.
Taylor Wessing has previously advised Digital Surgery on its Series B and C funding rounds, plus a number of other matters relating to commercial contracts, employment and GDPR issues.
This complex transaction drew on the deep expertise offered by the firm’s corporate, commercial, pensions and tax practice areas.
Commenting on the deal, Angus Miln, head of the Corporate Technology team at Taylor Wessing said: “We have great expertise in advising companies throughout their lifecycle. We are privileged to bring our depth of experience within technology and life sciences as well as our multidisciplinary approach to bear for Digital Surgery in this successful sale."
Mike Turner, Corporate Technology Partner and deal lead at Taylor Wessing added: “We are delighted to have helped our long-standing client, Digital Surgery, evolve its business through this sale. Digital Surgery is a true pioneer in the future of surgery because it lays the foundation for how AI and computer vision will support surgical teams to deliver safer surgeries."
The team was led by Corporate Technology Partner Mike Turner and Senior Associate Siobhán Langwade with support from Associate Harry Ruffell.
Tax advice was provided by Partners Ann Casey and Graham Samuel-Gibbon and Senior Counsel James Stewart. The firm's Commercial Technology and Data team assisted on the transaction, led by Senior Associates Jared McIntosh and Jean-David Behlow and Associate Katherine Armstrong. Employment and Pensions advice was provided by Senior Associate Georgina Wardop and Associate Nadine Simpson-Ataha.
The Taylor Wessing team worked in partnership with Wilson Sonsini Goodrich & Rosati (WSGR), whose team was led by Partners Megan Baier and Dan Glazer and included Associate Jenny Bloom.
Tax advice was provided by Of Counsel Derek Wallace, employment advice was provided by Partner Sriram Krishnamruthy and Associate Matthew Norgard, data privacy counsel was provided by Partner Matt Staples and Associate Haley Bavasi, export control advice was provided by Counsel Anne Seymour and antitrust advice was given by Counsel Todd Hahn.
by multiple authors