Private equity groups Blackstone and TPG are seeking more than $4 billion for medical technology firm Hologic’s surgical unit, according to a report by the Financial Times.
Details of the Sale
The two firms are working with advisers on a sale of the division, which makes surgical equipment used by gynecologists. Blackstone and TPG announced the acquisition of Hologic last year for $18.3 billion using cash and debt, one of the largest buyouts of a medical device company.
The potential sale comes as strains in private credit spill into adjacent private equity markets, prompting firms to find ways to return cash to investors. Blackstone is among the private credit funds that have recently faced redemption pressures.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
