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Blackstone and TPG seek over $4 billion for Hologic surgical unit
Blackstone and TPG are aiming to raise more than $4 billion from a sale of Hologic's surgical unit to pay down debt and return cash from one of last year's biggest leveraged buyouts. The two private equity firms are working with advisers to market the division that makes surgical equipment used by gynecologists, the Financial Times reported, citing people familiar with the matter. The process is still in its early stages and might not result in a deal. The business is likely to attract interest from strategic buyers and private equity. Blackstone and TPG, in partnership with Mubadala of Abu Dhabi and GIC of Singapore, acquired Hologic in an $18.3 billion deal, the second biggest public-to-private transaction in 2025.