Blackstone Group IncBlackstone is selling Hologic's surgical unit for over $4 billion to pay down debt and return cash, a positive capital event.
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.
Blackstone Group IncBlackstone is selling Hologic's surgical unit for over $4 billion to pay down debt and return cash, a positive capital event.
TPG IncTPG is co-selling Hologic's surgical unit for over $4 billion to pay down debt and return cash, a positive capital event.
Hologic IncHologic is the target of the sale, but the article focuses on the PE firms' exit; impact on Hologic is unclear.
GIC is a co-investor in Hologic and will benefit from the sale proceeds.
Mubadala is a co-investor in Hologic and will benefit from the sale proceeds.