Tucker Ellis represented Enovis – an innovation-driven medical technology growth company – in the sale of its Dr. Comfort diabetic shoe business to Promus Equity Partners, a multi-family asset management firm based in Chicago, for consideration of up to $60 million in cash, consisting of an upfront payment of $45 million and up to $15 million payable in the future upon the achievement of certain milestones.

The Tucker Ellis team representing Enovis in the transaction was led by Chris Hewitt and Jayne Juvan and included Brandon Wojtasik (M&A), Ludgy LaRochelle (M&A), Joe Koncelik (environmental), Peter Igel (tax), Dan McClain (employee benefits), and Justin Eddy (real estate). Read the press release on the Enovis website here.