Biomet Selects Underwriters for IPO

 
Biomet has hired underwriters for an initial public offering later this year, according to a Reuters report.

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Biomet’s owners have selected Bank of America Merrill Lynch, Goldman Sachs Group and JPMorgan Chase to lead the IPO.

 

The company was taken private in 2007 for $11.3 billion by Blackstone Group, DDR & Co., TPG and Goldman Sachs Group.

 

The offering could come in the first half of 2014 and raise more than $1 billion, according to the report.

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