3M to buy wound-care product maker Acelity in $6.7bn deal

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The conglomerate behind everything from Post-it notes to industrial products agreed to buy Acelity and its KCI subsidiaries — which make a broad range of wound care products” Finacial Times (2019).

Extract:

Financial Times report “3M on Thursday said it would acquire a maker of wound care products for roughly $6.7bn, including net debt, even as the industrial group last month announced plans to shed jobs as part of a restructuring. The Minnesota-based company will finance the transaction with a combination of available cash and proceeds from the issuance of new debt. The conglomerate behind everything from Post-it notes to industrial products agreed to buy Acelity and its KCI subsidiaries — which make a broad range of wound care products. 3M is buying the group from a consortium of funds advised by buyout group Apax Partners alongside affiliates of Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board.

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