Reuters

Blackstone, Carlyle consortium reach deal to buy Medline

(Reuters) -A consortium of three private equity firms, including Blackstone Group Inc and Carlyle Group, have signed a definitive agreement to buy a majority stake in medical supplier Medline Industries Inc, sources familiar with the matter have told Reuters. Medline has an enterprise value of about $34 billion, including borrowings, the sources said. Medline’s current management and founding family, led by Chief Executive Charles Mills, will remain the company’s largest single shareholder when the deal is expected to close in the second half of this year, the sources said.

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