Medline Industries, a private equity-backed medical supply giant, has filed to go public on the Nasdaq, following a postponement earlier this year. The move comes as improved public market valuations, a more favorable macro environment and the persistent pressure on PE firms to exit mature assets have encouraged more GPs to take their portfolio companies public. Medline counts Blackstone, The Carlyle Group and Hellman & Friedman as its financial sponsors. The trio took the company private in 2021 in a deal that valued it at about $34 billion.
Read the full article: PE-Backed Medline Files for IPO //
Source: https://pitchbook.com/news/articles/pe-backed-medline-files-for-ipo