NEW YORK CITY (dpa-AFX) - Warburg Pincus LLC has reportedly hired Goldman Sachs Group Inc. (GS) to explore the sale of eyecare products maker Bausch & Lomb Inc.
The private equity firm is said to be looking at around $10 billion from the sale, although it is indicated to fetch only around $8 billion, according to a report quoting a person familiar with the talks.
Warburg Pincus bought Bausch & Lomb for $3.7 billion in September 2007 amid accounting errors and a product recall at the eyecare products maker.
Goldman Sachs is believed to have contacted Sanofi, GlaxoSmithKline and Merck & Co. regarding the sale. Other healthcare companies such as Abbott also may be contacted.
It is also speculated that an initial public offering of the business is also an alternative.
Copyright RTT News/dpa-AFX