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Updated Tuesday, February 9, 2010 2:33 pm TWN, Reuters

Montagu eyes US$2.7 bil. float for BSN Medical: FT

LONDON -- Private equity house Montagu has hired Morgan Stanley to plan a flotation of BSN Medical, which could value the German bandages maker at as much as 2 billion euros (US$2.7 billion), the Financial Times reported yesterday. Montagu had put BSN up for sale 18 months ago, but was forced to abandon the auction in the wake of the financial crisis.

There is also likely to be strong interest in BSN from strategic buyers, such as 3M and Kimberly Clarke, and private equity groups, such as Apax Partners and Bain Capital. If they bid, Montagu may decide to sell BSN rather than float it, the FT added.

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