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BNP, Credit Suisse prepare Q1 Medica IPO -source

Published 10/06/2009, 12:33 PM
Updated 10/06/2009, 12:36 PM
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LONDON, Oct 6 (Reuters) - Buyout firm BC Partners has picked BNP Paribas and Credit Suisse to prepare its French care-home group Medica for a first-quarter stock market flotation, a person familiar with the matter said on Tuesday.

BC Partners, whose 2006 buyout valued Medica at 750 million euros ($1.11 billion), invited pitches from banks at the start of September, two people familiar with the matter said last month.

BC declined to comment.

A Paris listing of Medica, which had turnover of 387 million euros in 2007, would rank the company against listed competitors such as Orpea SA and Korian SA. ($1=.6788 Euro) (Reporting by Quentin Webb; editing by Douwe Miedema and Simon Jessop)

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