Nordic Capital and Avista Capital Partners Announce Intention to Combine Unomedical with ConvaTec
Published: Jun 27, 2008
STOCKHOLM, Sweden--(BUSINESS WIRE)--Nordic Capital and Avista Capital Partners announce today that following the closing of their acquisition of ConvaTec, a world leader in the development and marketing of innovative wound therapeutics and ostomy care products based in Skillman, New Jersey, which is anticipated to occur in the third quarter, they intend to combine it with Unomedical, a leading manufacturer of single-use medical devices based in Copenhagen. Nordic Capital Fund VII and Avista Capital Partners announced on May 2, 2008, a definitive agreement to acquire ConvaTec from Bristol-Myers Squibb Company. Unomedical is currently owned by Nordic Capital Fund IV.