This Chicago billionaire who is set to even be more wealthy with a one time sale is leaving the city and moving overseas.

This will be a huge blow to the s.e.x. industry in the city as it is estimated that between himself and his like minded friends who host parties that they spend $10M-20M per year on s.e.x. workers/s.t.r.i.p.p.e.r.s.

Charlie Mills
Medline CEO 

and/or

Andy Mills
Medline President

Here’s why the Mills family sold a major chunk of family-held Medline, with a payday estimated at $34 billion

The family behind Medline — the massive medical supply and equipment company based in Northfield — agreed to sell it to generate cash for family members and strengthen the company, its leaders said Tuesday.

Medline on Saturday said it agreed to sell a majority stake in the company to funds managed by private equity firms Blackstone Group, Carlyle Group and Hellman & Friedman. Medline CEO Charlie Mills and President Andy Mills, who are cousins, declined to disclose the size of the stake and the value of the deal Tuesday, but said 20 to 30 family members should benefit from it. The Wall Street Journal reported the value of the deal at about $34 billion, including debt, based on information from anonymous sources.

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“There were a number of family members that aren’t in the business and almost all the family’s net worth is involved in the business,” Andy Mills said. “For years, they had been looking for some liquidity, so we wanted to see if we could thread the needle and get some liquidity for the family but also maintain leadership and position ourselves for a stronger company.” – Source

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