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Bidding War for Carestream Heats Up

Fri, 03/29/2013 - 1:21pm
Mass Device

Private equity players Bain Capital, Carlyle Group and KKR & Co. are in the hunt for medical device company Carestream, said to be on the auction block for up to $3.5 billion.

MassDevice.com Wall Street Beat

At least 5 major private equity players are vying for medical device company Carestream Health, including Bain Capital, Carlyle Group and KKR & Co., according to Reuters.

Onex Corp. is hoping to unload Carestream, formed in the 2007 spinout of Eastman Kodak Co.'s healthcare business, for up to $3.5 billion, the news service reported.

The other LBO players said to be in the hunt by "people familiar with the matter" include Thomas H. Lee Partners and Hellman & Friedman, Reuters reported.

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