$3.15 BILLION FOR DJO GLOBAL, FROM A WELDER? (Orthopedics This Week)
$3.15 billion is a lot of money for bracing, knee implants and pain management products.
But that’s what welding equipment manufacturer and precision air and gas handler Colfax Corporation is proposing to do.
This should be interesting.
The folks on the receiving end of this transaction are a group of private equity investors managed by the Blackstone Group LP. Blackstone et al. bought DJO Global 11 years ago (2007) for $1.6 billion. That’s not exactly a 100% return on investment, but close.
Colfax’s President and CEO...
