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September 22, 2017

FaegreBD Team Advises Tactile Medical in $125 Million Secondary Offering of Common Stock

Faegre Baker Daniels represented Tactile Systems Technology, Inc. (Tactile Medical) in a public offering of $125 million of common stock by certain of its stockholders.

Tactile Medical is a medical technology company focused on developing medical devices for the treatment of chronic diseases at home. William Blair & Company, LLC. and Piper Jaffray & Co. acted as joint book-running managers, and Guggenheim Securities, LLC acted as joint passive bookrunner in the offering. Canaccord Genuity Inc. acted as co-manager.

Jon Zimmerman, the head of FaegreBD’s capital markets practice, and Christine Long, led the team along with Anne Kruger and Jonny Nemani. FaegreBD previously represented Tactile Medical in its July 2016 initial public offering.

Please see Tactile Medical’s press release for additional information on the offering.

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