Thursday 14 October 2010

Dubai-Owned Alliance Medical Said to Get Takeover Interest From BC, CVC - Bloomberg

Alliance Medical Ltd., the U.K.- based medical-imaging company being sold by Dubai International Capital LLC, may attract bids from BC Partners Ltd., CVC Capital Partners Ltd. and Euromedic International, according to two people with knowledge of the matter.

Alliance Medical’s adviser, Blackstone Group LP, have asked that initial offers be made this week, said the people who declined to be identified as the details are private. Hugh Osmond’s Horizon Acquisition Company Plc has also expressed interest in Alliance, another person said.

Blackstone values the company at between 300 million pounds ($475 million) and 340 million pounds, a person familiar with the matter said Aug. 25. Dubai International, a private-equity investor and fund manager owned by Dubai’s ruler, paid about 600 million pounds for Alliance in 2007, the person said.

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