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CD&R leading race to buy $1bn wound care company Healogics from Metalmark

21 May 2014

news_wound_lrgClayton Dubilier & Rice has emerged as the frontrunner in a gang of private equity firms eyeing a $1bn deal for Metalmark Capital-owned wound care business Healogics.

The US buyout house has outbid rivals including TPG Capital and a consortium of Ares Management and Leonard Green & Partners according to Reuters, which cited people familiar with the matter.

Metalmark hired Goldman Sachs to find a buyer for Healogics earlier this year.

The company provides advanced wound care services and treatment to about 200,000 patients each year according to its website.

Metalmark spun out of Citigroup last year as the bank worked to comply with Volcker Rule limitations on banks holding illiquid assets.

Citigroup retained a limited partner interest in the firm’s $2.5bn fund, which focuses on investments in energy and natural resources, industrials and healthcare.

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