Carlyle Group has emerged as the frontrunner to acquire Hogy Medical, moving ahead of rival private equity bidders in one of Japan’s most closely watched healthcare take-private situations, according to sources cited by Bloomberg. The firm is in advanced negotiations and aims to reach an agreement soon. Hogy Medical’s shares have risen 20% this year, giving the Tokyo-listed surgical products maker a market value of about $826m. While Carlyle is currently leading, the process remains competitive and talks could still fall through, sources said. The company produces surgical masks, gowns, and sterile packaging for medical instruments.
Read the full article: Japan’s M&A Boom Draws Carlyle to the Front of the Hogy Medical Auction //
Source: https://pe-insights.com/japans-ma-boom-draws-carlyle-to-the-front-of-the-hogy-medical-auction/