A major American investment company is reportedly in discussions to purchase a British medical technology firm in what could become an $800 million transaction, according to Monday announcements.
Boston-headquartered TA Associates is currently negotiating with Advanced Medical Solutions, a UK-based manufacturer of medical supplies, regarding a possible acquisition of the London-traded company.
This potential buyout represents the latest example of American investment firms targeting British corporations, as they look to capitalize on comparatively lower stock valuations in the United Kingdom market.
While Advanced Medical Solutions has confirmed the ongoing discussions, the company has not revealed specific financial terms being considered by TA Associates for the proposed acquisition.
According to Sky News, which initially broke the story over the weekend, the American private equity company is reportedly preparing to propose 280 pence per share, which would place the healthcare manufacturer’s total value at approximately 600 million pounds, equivalent to roughly $809 million.
British takeover regulations require TA Associates to either formally announce their intention to proceed with an offer or abandon their pursuit by May 16th.
The targeted company specializes in creating and manufacturing wound-care dressing technologies and has previously drawn attention from other private equity investors, including Bridgepoint, based on industry reporting.
TA Associates has demonstrated significant activity in British markets recently, including their $722 million purchase of UK-based data analytics company FD Technologies in the previous year.
