Euromedic is £700m target

THE investment arm of the Dubai government, Dubai International Capital, and private-equity firm Bridgepoint have teamed up to bid for healthcare group Euromedic, valued at about £700m.
DIC and Bridgepoint have hired UBS to advise on an approach for the European firm, which is owned by private-equity house Warburg Pincus.
A sale of Euromedic, which makes diagnostic equipment, would be one of the biggest private-equity deals this year, at a time when the credit crunch has seriously dented M&A volumes.
http://business.timesonline.co.uk/tol/business/industry_sectors/health/article3645029.ece