Advanced Medical Solutions said on Monday that it is in negotiations with U.S. private equity firm TA Associates over a potential takeover of the British medical supplier.
TA Associates’ approach is the latest in a series of bids for London‑listed companies as overseas buyout firms seek to take advantage of relatively low UK equity valuations.
Here are some details about the potential deal:
- AMS has not yet disclosed any terms of TA Associates’ potential takeover offer.
- Sky News, which first reported the discussions on Saturday, said the PE firm is preparing to make a 280-pence-per-share offer, which would value the healthcare products maker at more than 600 million pounds ($809.52 million).
- Under the UK Takeover Code rules, TA Associates must either announce a firm intention to make an offer or walk away by May 16.
- AMS, which develops and supplies wound‑care dressing technologies, has attracted private equity interest in the past, including from Bridgepoint, according to media reports.
- TA Associates has been active in the UK market, including a $722 million acquisition of British data and analytics firm FD Technologies last year.
