Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector.The fund will give Bain the ammunition to focus on targeted investments at a time when the life sciences industry seeks more capital to fund its expansion. "We are excited by some of the long-term secular trends in the life sciences space," said Adam Koppel, a managing director at Bain Capital Life Sciences.
NEW YORK U.S. medical equipment supplier Becton Dickinson and Co will acquire C R Bard Inc, in a $24 billion cash-and-stock deal, adding Bard's devices to its portfolio in the high-growth sectors of oncology and surgery, both companies said on Sunday.The deal comes two years after Becton Dickinson acquired CareFusion Corp for $12 billion. It is the latest in a string of deals in the medical technology sector, as manufacturers turn to acquisitions to boost profit margins.
May 15 (Reuters) - North American budget hotel chain La Quinta Holdings Inc is preparing to explore a sale of the company, hoping for a high valuation as its seeks to spin off its real estate assets, people familiar with the matter said on Monday. La Quinta believes proceeds from the potential sale would help make the tax hit it will incur as a result of the spinoff more palatable to shareholders, the sources said.