Buyout firms Hellman & Friedman, Blackstone, and Carlyle buy majority stake in Medline Industries: Sources

According to sources familiar with the matter at hand, a consortium of three private equity firms, including Carlyle Group and Blackstone Group Inc, have signed a definitive agreement to acquire a majority stake in Medline Industries Inc.

The deal values Medline at more than $30 billion, excluding debt, said sources. Medline has a market capitalization of around $34 billion, including debt, said sources.

“Medline’s current management and founding family, led by Chief Executive Charles Mills, will remain the company’s largest single shareholder when the deal is expected to close in the second half of this year”, said sources.

The three buyout firms purchasing a majority stake in Medline are Hellman & Friedman, Blackstone, and Carlyle. The Government of Singapore Investment Corporation (GIC) is also investing in Medline as part of the deal.

According to Northfield, Illinois-based Medline’s website, the company is one of the largest privately-held manufacturers and distributors of medicals supplies such as surgical equipment, gloves, and laboratory devices used by hospitals around the world. In 2020, it generated revenues to the tune of $17.5 billion.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: