CVC and GTCR Said to Make Take-Private Offer for Teleflex (1)

CVC Capital Partners Plc and GTCR have teamed up and submitted a takeover offer for medical equipment provider Teleflex Inc., according to people familiar with the matter.

The buyout firms have been working together to evaluate a potential deal to take the Wayne, Pennsylvania-based company private, said the people, asking not to be identified because the details are private.

It wasn’t clear whether Teleflex was receptive to the offer and there’s no guarantee that the approach will lead to a deal, the people said.

Representatives for CVC, GTCR and Teleflex declined to comment.

Teleflex closed down 5.5% to $124.75 ...