Bridgepoint weighs £550m bid for London-listed medical group AMS

The backstage equity backer of Burger King UK is weighing a takeover bid for Advanced Medical Solutions Group, a London-listed shaper of surgical products.

Sky News has learnt that Bridgepoint is exploring an connection for AMS which could worth the people astatine determination successful the portion of £550m-£600m.

Banking sources said the buyout steadfast was examining a bid valuing AMS astatine betwixt 270p and 280p per share, a premium of much than 30% to its existent stock price.

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It was unclear connected Friday greeting whether it had made a ceremonial attack to the committee of AMS.

News of Bridgepoint's involvement comes months aft Montagu Private Equity abandoned its involvement successful a bid for the company.

Inflexion, different backstage equity investor, had besides been studying a imaginable connection past year.

AMS Group manufactures surgical brands including LiquiBand and Resorba.

Listed connected London's inferior AIM banal market, the institution reported interim results successful September showing a 49% emergence successful pre-tax profit.

Its shares person been broadly level implicit the past year, and connected Friday greeting were trading astatine astir 208.5p, giving it a marketplace capitalisation of £455m.

Bridgepoint and AMS some declined to comment.