Private equity firms TPG and Blackstone are joining forces in a bid to acquire eye care company Bausch + Lomb (NYSE:BLCO), the Financial Times reported.
Last month, Bausch + Lomb said it was considering a sale.
The auction is part of an effort to address concerns from creditors, including Apollo Global Management Inc (NYSE:APO), over the separation from parent company, Bausch Health Companies (NYSE:BHC)..
The Bausch + Lomb spin-off was part of Bausch Health’s plan to alleviate its $21 billion debt, a third
