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New owner for Sunrise Medical?

New owner for Sunrise Medical?

FRESNO, Calif. - Equistone Partners has put Sunrise Medical up for sale.

The European-based investment firm is considering offers from IK Investment Partners and Nordic Capital in a potential $507 million deal, according to Reuters.

Equistone Partners, which is owned and managed by the former executives of Barclays Private Equity, is also considering an offer from “a family office,” a vehicle handling the assets of a wealthy family, the news agency reports.

Equistone Partners is asking potential buyers to submit final bids by the end of May, according to Reuters.

The firm bought Sunrise Medical from New York-based Vestar Capital Partners in 2012.

IK is a European-based private equity advisory group that has raised 7 billion euros in capital and has 21 companies in its current portfolio.

Nordic Capital is a private equity firm in the Nordic region and Germany that formerly owned Permobil, a competitor of Sunrise Medical. It sold Permobil to Investor AB, a Swedish investment firm, in 2013.

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