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Bridgepoint weighs £550m bid for London-listed medical group AMS | Money News


The private equity backer of Burger King UK is weighing a takeover bid for Advanced Medical Solutions Group, a London-listed producer of surgical products.

Sky News has learnt that Bridgepoint is exploring an offer for AMS which could value the target at somewhere in the region of £550m-£600m.

Banking sources said the buyout firm was examining a bid valuing AMS at between 270p and 280p per share, a premium of more than 30% to its current share price.

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It was unclear on Friday morning whether it had made a formal approach to the board of AMS.

News of Bridgepoint’s interest comes months after Montagu Private Equity abandoned its interest in a bid for the company.

Inflexion, another private equity investor, had also been studying a potential offer last year.

AMS Group manufactures surgical brands including LiquiBand and Resorba.

Listed on London’s junior AIM stock market, the company reported interim results in September showing a 49% rise in pre-tax profit.

Its shares have been broadly flat over the last year, and on Friday morning were trading at around 208.5p, giving it a market capitalisation of £455m.

Bridgepoint and AMS both declined to comment.


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