Top Buyout Firms Club Up for Jumbo LBO of Medline
- Consortiums that include Bain, KKR and Blackstone weigh offers
- Medical supply company could fetch about $30 billion in sale
Photographer: Tim Boyle/Bloomberg
At least eight buyout firms are preparing offers for Medline Industries Inc., a medical supply company that could fetch about $30 billion, according to people familiar with the matter. In a sign that club deals are back, some are partnering up for what could be one of the biggest leveraged buyouts on record.
Bain Capital, Advent International and CVC Capital Partners have teamed up on a potential bid, said the people, who asked to not be identified because the matter isn’t public. KKR & Co. is working on an offer potentially teaming up with Clayton Dubilier & Rice, the people said. Blackstone Group Inc. has partnered with Hellman & Friedman while Apollo Global Management Inc. is also weighing an offer, they said. First round bids are due in mid-May, the people said.