Buyout consortium has turned to other private equity firms to help fund the deal as direct lenders, one of the sources says
A private equity consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire medical device maker Baxter International Inc’s biopharma solutions business in a deal that could reach or exceed $4 billion, people familiar with the matter said on Sunday.
The buyout consortium has turned to other private equity firms to help fund the deal as direct lenders, one of the sources added. Baxter, which has a market value of $23 billion, said in January it would explore a sale of the unit to “enhance focus and improve capital structure,” a reference to its push to shed non-core businesses and pay down debt its $16.4 billion debt pile.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five defeat Express in playoff openerSudbury defeats Windsor 108-99, takes 1-0 series lead
Read more »
Engaged and in love, Adele is no longer 'the queen of heartbreak ballads'Sources say her next album will be full of happy romantic music thanks to finding love with fiancé Rich Paul. But first, Carpool Karaoke!
Read more »
'No one's posting receipts': How social media FOMO can land you in tens of thousands of debt, and three signs you are in troubleComparing your life to the images other people post on social media can lead to impulsive and reckless spending. In this article a
Read more »
Vida Blue, led Oakland A's to three World Series titles, dies at 73Pitcher Vida Blue, who helped lead the brash Oakland Athletics to three straight World Series titles before his career was derailed by drug problems, has died.
Read more »
Verstappen not worried about finding a way to the front tomorrowRed Bull driver Max Verstappen explained to TSN Racing analyst Tim Hauraney that he's not worried about starting back from the lead at the Miami Grand Prix tomorrow.
Read more »
Vida Blue, led Oakland A's to three World Series titles, dies at 73Pitcher Vida Blue, who helped lead the brash Oakland Athletics to three straight World Series titles before his career was derailed by drug problems, has died.
Read more »