Carlyle acquires 50 percent stake in Resonetics for USD 2.25 billion: Bloomberg
New Delhi: Carlyle Group Inc. has acquired a 50% stake in medical-device manufacturer Resonetics in a deal that values the target company at about $2.25 billion.
"One of our big theses is providing outsourced services to different health-care end-markets, whether they're hospitals, pharma companies or med-tech companies," Bobby Schmidt, a Carlyle managing director, said in an interview. "We want to invest behind companies that provide services at a higher quality and lower cost than what your customers can do for themselves, and that's exactly what Resonetics does."
Washington-based Carlyle has a track record of backing medical-products companies such as Medline, Unchained Labs and Ortho Clinical Diagnostics.
Barclays Plc and Debevoise & Plimpton advised Carlyle on the transaction, while Piper Sandler and Kirkland & Ellis advised Resonetics and GTCR.
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