Blackstone, Carlyle and Hellman & Friedman to Invest in Medline
Carlyle Press Release:
Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of healthcare supplies with 2020 revenue of $17.5 billion, today announced that it has entered into a definitive agreement through which it will receive a majority investment from a partnership comprised of funds managed by, Carlyle and Hellman & Friedman. Following the close of the transaction, Medline will remain a privately held, family-led company...Medline will continue to be led by the Mills family, who will remain the largest single shareholder.
& Co. LLC acted as lead financial advisor, BDT & Company, LLC acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal advisor to Medline. BoA Securities, Inc., , , , and as financial advisors to , Carlyle, and Hellman & Friedman. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone, Carlyle, and Hellman & Friedman.
Didn't see a thread on this transaction. Any thoughts/insights from those in the industry?