Twitter LinkedIn
    Saturday, March 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Smiths Group agrees to sell medical division to US private equity firm
    Deals

    Smiths Group agrees to sell medical division to US private equity firm

    August 3, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    $2.3bn deal with TA Associates is latest in a series of UK acquisitions by overseas buyers

    The UK engineering firm Smiths Group has agreed to sell its medical division to the US private equity firm TA Associates in a $2.3bn (£1.7bn) deal, in the latest of a string of UK acquisitions by overseas buyers.

    Smiths Medical makes ventilators, syringe pumps and tracheostomy tubes for hospitals worldwide, and its sale effectively breaks up the FTSE 100-listed engineering conglomerate.

    Smiths, which helped to produce ventilators for the UK government early in the coronavirus pandemic, said the deal would help it focus on its core industrial technology business. It has been trying to spin off its medical arm for several years, either through a sale or demerger, but these efforts had been delayed by Covid-19.

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Brookfield buys KKR’s Spanish solar company stake

    March 23, 2023

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Comments are closed.

    Other Articles

    Expensya completes USD20m capital raise

    April 30, 2021

    Haniel acquires BauWatch from Nordian Capital

    February 23, 2021

    Carlyle kicks off $1.1 bln sale of Italian food ingredients maker Irca

    March 17, 2022

    Brookfield Seeks Up to $15 Billion for Private Equity Fund

    September 15, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?