London, United Kingdom (PressExposure) December 28, 2009 -- Montagu Private Equity LLP (Montagu), the European private equity major, in September 2008, terminated its plan to sell BSN medical GmbH (BSN Medical). Earlier in August, 2008, Montagu announced its plan to sell the Hamburg, Germany based BSN medical. Morgan Stanley was supposed to act as the financial advisor to Montagu for the transaction.
While the company didnât comment on the reasons behind the termination, multiple independent news articles were quick to put the blame on the ongoing financial turmoil. We at Medical eTrack, go with what the market has to say.
For a company as established and as strong as BSN Medical, there canât be a worse sellout-time than this. As the ongoing global financial turmoil continues to shake asset prices, the situation probably didnât make sense for a sell-out. Given BSN Medicalâs strong financial performance and Montaguâs ability to hold the assets, it will be interesting to see the strategy that the private equity firm adopts in the very near future.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
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