FRANCE - Bridgepoint suspends Médica IPO decision
Because of particularly unfavourable market conditions, Bridgepoint has abandonned its project to float Médica. The equity house will review its options over the coming weeks
Médica is a major French retirement home business that Bridgepoint acquired in 2003 for EUR 330m. Prior to the decision to launch an IPO, the private equity firm are known to have studied the possibility of a trade sale.
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