KKR (KKR: Quote) is considering teaming with other private-equity firms in an effort to bid for Life Technologies Corp., (LIFE: Quote) the Wall Street Journal reported, citing people familiar with the matter.
Danaher Corp. (DHR) and Thermo Fisher Scientific Inc. (TMO)are also weighing bids for Life Technologies, which is valued at over $12.5B including debt, the report stated citing other people.
But buyout firms, which typically take on debt to purchase public companies, have been circling Life, attracted to its steady cash flow, people familiar with their thinking said.
Private-equity firms Blackstone Group LP, (BX) Carlyle Group LP (CG) TPG and Singapore’s state investment company Temasek Holdings Ltd. have also discussed teaming to vie for Life, the report specified.
KKR has been involved in discussions about a competing group, the report added citing these people.
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by RTT Staff Writer
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