ConvaTec Healthcare B S.a.r.l. develops, manufactures, and markets medical technologies worldwide. It offers ostomy care products, including one- and two-piece products, adhesive coupling technology products, pediatric care products, and other products for colostomy, ileostomy, and urostomy, as well as accessories, such as tail closures, pastes, powders, appliance belts, night drainage system, loop ostomy rods, skin barriers, adhesive removers, strips, wipes, and gelling and odor control sachets. The company also provides continence and critical care products comprising fecal incontinence devices; securement devices to hold tubes, drains, and catheters in place on the skin; intermittent cath...
Rue Robert Stümper 7a
Founded in 2008
Avista Capital And Nordic Capital Reportedly Plans To Sell ConvaTec Healthcare
Oct 14 14
Avista Capital Holdings, L.P and Nordic Capital are preparing the groundwork for a possible sale or initial public offering (IPO) in 2015 for ConvaTec Healthcare B S.a.r.l., reuters reported citing sources familiar with the matter. Kimberly-Clark Corporation (NYSE:KMB) and 3M Company (NYSE:MMM) are considered likely bidders for ConvaTec. ConvaTec's owners have appointed Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to explore a sale. According to Reuters, ConvaTec, Nordic Capital, 3M, Goldman Sachs and Morgan Stanley declined to comment. Kimberley Clark and Avista Capital did not immediately respond to requests for comment.
ConvaTec Said To Mull Sale and IPO
Jul 1 14
ConvaTec Healthcare B S.a.r.l. has been approached by investment bankers and potential buyers to discuss a sale that could value the company at $8 billion to $9 billion, people familiar with the matter said. Avista Capital Partners and Nordic Capital won’t start a formal sale-process until later this year at the earliest, and are also considering an initial public offering for ConvaTec, the people said, asking not to be identified discussing private information. While ConvaTec is willing to wait until next year to sell or start a stock offering, the two owners have made it clear to advisers that they would sell at the right price sooner, one of the people said. One potential buyer is 3M Company (NYSE:MMM), one of the people said, though 3M is probably too large a buyer to use ConvaTec to change its tax domicile.