Longreach acquired a controlling stake in the company in 2019 for an undisclosed amount. It has two manufacturing facilities in China and one in Thailand, the website showed. The sale process comes at a time where medical services companies are gaining favour, as investors bet on the healthcare sector’s ability to weather the challenging global economic environment.Įstablished in 1988 in Israel, Quasar is a global contract development and manufacturing organization (CDMO) of advanced medical devices and counts Johnson & Johnson and Medtronic PLC as clients, according to the company’s website.
Private equity firm General Atlantic and a number of strategic buyers are also in the fray, said the fourth source and two separate people with knowledge of the matter. BPEA EQT and Goldman declined to comment.īidders are currently doing due diligence on the company, according to two of the sources, one of whom added that final bids are due by end of June.
Their core line of business focuses on creating data-driven solutions for their customers, ranging from IT-sponsored enterprise data warehouse. Longreach, Quasar, Boyu and Hillhouse did not respond to a request for comment. is a boutique data-focussed BI and Analytics consulting firm founded in 1998. The bidding process, which is being run by Goldman Sachs, has entered the second round, the first three sources said.Īll the sources declined to be identified as the deal talks are confidential. View Quasar org chart to access information on key employees and get valuable insights about Quasar organizational structure. Longreach, an Asia-focused private equity firm, is targeting a valuation of as much as $600 million or more for the entire company, said one of the three sources and a separate person with knowledge of the transaction. Quasar is a pioneering technology consulting firm, that specializes in catalyzing the success of digital business transformations for medium to large. HONG KONG (Reuters) – Private equity firms Boyu Capital, Hillhouse Capital and BPEA EQT are among bidders vying for Longreach Group’s Hong Kong-based medical device maker Quasar, three people with knowledge of the matter said.
0 kommentar(er)
