Montagu Private Equity LLP on Thursday said it is considering making a takeover offer for Advanced Medical Solutions Group PLC, a Cheshire, England-based surgical dressings company.
Advanced Medical shares jumped 15% in response, to 232.00 pence each on Thursday morning in London, giving it a market capitalisation of £507.0 million.
Montagu has until April 24 to announce a firm intention to make an offer, or to announce it does not intend to make an offer.
Montagu is a London-based mid-market private equity firm, focused on management buyouts of performing businesses, with enterprise values usually ranging from around £167 million and £835 million, or between €200 million and €1 billion.
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