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Blackstone, Carlyle, H&F to Buy Majority Stake in Medline

  • Transaction valued at more than $30 billion, people say
  • Mills family to have largest holding in medical supply company
relates to Blackstone, Carlyle, H&F to Buy Majority Stake in Medline
Photographer: Bloomberg/Bloomberg
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A consortium of private equity firms reached an agreement to buy medical supply company Medline Industries Inc. in what would be one of the biggest leveraged buyouts of all time.

The group, comprising Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, will take a majority stake in Medline. Singapore’s GIC Pte will also invest as part of the partnership, the consortium said in a statement Saturday.