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H/Advisors Abernathy handles Exactech as it declares Chapter 11 to relieve the financial pressure flowing from the more than 2,500 lawsuits alleging that it sold defective knee and hip implants.
CEO Darin Johnson said Exactech experienced a strong operating performance in 2024, and that the Gainesville (FL) based company is on a good growth trajectory.
"However, despite the strength of the underlying business, we face unsustainable liabilities associated with knee and hip litigation related to the packaging recalls we voluntarily initiated between 2021 and 2022,” he added.
The bankruptcy process will pump fresh capital into Exactech, strengthen its balance sheet and ensure that it provides “innovative, industry-leading implants for surgeons and their patients for years to come,” according to Johnson.
H/Advisors Abernathy’s Deven Anand and Sydney Isaacs handle the Exactech account.
France's Havas owns H/Advisors.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
