Ottobock draws PE interest

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Wednesday, February 1, 2017

DUDERSTADT, Germany – Ottobock has attracted interest from private equity firms, including KKR and CVC, according to Reuters. The firms are looking for a 20% stake in the company core business of making artificial limbs. Ottobock is also drawing interest from buyout firms BC Partners and Advent. The company is targeting PE firms, affluent families and technology funds as potential buyers in a deal it hopes to complete by the end of June, ahead of a planned initial public offering, Reuters reported. Ottobock, which is being advised by J.P. Morgan, is currently valued at $3.2 billion. It’s currently a private company owned by the founder’s grandson, Hans Georg Naeder.