Henry Schein, Inc. (HSIC, Financial) has successfully completed a private placement of common stock with KKR Hawaii Aggregator L.P., raising $250 million. The transaction, which was finalized on May 16, 2025, involved the issuance of 3,285,152 shares at approximately $76.10 per share. This strategic partnership aims to bolster Henry Schein's financial position and support its growth initiatives.
In conjunction with the investment, Henry Schein entered into a Registration Rights Agreement with KKR, granting customary registration rights for the newly issued shares. The agreement also includes indemnification provisions to protect against material misstatements or omissions related to the registration of the shares.
Additionally, Henry Schein announced the appointment of William K. “Dan” Daniel to its board of directors. Mr. Daniel, an Executive Advisor at KKR and former Executive Vice President of Danaher Corporation, will serve as an independent director. He will also join the Board’s Compensation and Strategic Advisory Committees. His appointment follows the fulfillment of regulatory conditions under the Hart-Scott-Rodino Antitrust Improvements Act and approvals from Sweden, Italy, and Spain.
Mr. Daniel brings a wealth of experience to Henry Schein, having served on various private boards and holding an M.B.A. from the University of Virginia Darden School of Business. His expertise is expected to contribute significantly to the company's strategic direction.
The completion of this private placement and the addition of Mr. Daniel to the board underscore Henry Schein's commitment to enhancing shareholder value and driving long-term growth.
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