Deals
Charterhouse Said to Mull Tunstall Refinance Instead of Sale
- Triton said to value company at about 300 million pounds
- Buyout firm acquired Tunstall in 2008 for 530 million pounds
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Charterhouse Capital Partners is considering refinancing the debt for its U.K. medical equipment company Tunstall Healthcare Group Ltd. if it can’t get a high enough price from a bidder, people familiar with the matter said.
Buyout firm Triton Partners had valued the business at about 300 million pounds ($425 million), which Charterhouse rejected as too low, the people said, asking not to be named because the deliberations are private. Talks with potential bidders, including Triton, are ongoing, the people said. No final decisions have been made, they said.