Private equity firms CVC Capital Partners and GTCR have made a joint proposal to acquire medical device manufacturer Teleflex and take the company private, according to a report by Reuters citing an unnamed person familiar with the situation. The bid is currently under review by Teleflex, though the discussions remain preliminary and there is no certainty that a transaction will proceed. The company could ultimately decline the offer or receive competing interest from other potential buyers, the source added. Teleflex, which develops and supplies medical technologies including catheters, breathing tubes and vascular access products used in critical care environments, has been in the midst of a broader portfolio reshaping.
Read the full article: CVC and GTCR Make Joint Take-Private Bid for Teleflex //
Source: https://www.privateequitywire.co.uk/cvc-and-gtcr-make-joint-take-private-bid-for-teleflex/