Biomet files for IPO to help pay off buyout debt (MarketWatch)
Orthopedic device manufacturer Biomet Inc. filed plans Friday for an initial public offering of up to $100 million, partially to pay off debts from its 2007 buyout.
The Wall Street Journal reported last month that the company, which makes dental implants and artificial hips and knees, was in discussion with banks about a return to public ownership.
Based in Warsaw, Ind., Biomet was acquired in 2007 for about $11.3 billion by Blackstone Group, KKR & Co., TPG and Goldman Sachs Group Inc.'s buyout arm. Each of those firms p...
