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Group Including Blackstone Nears Deal to Buy Medline for Over $30 Billion--Update


By Cara Lombardo and Miriam Gottfried
A group of private-equity firms including Blackstone Group Inc. is nearing a deal to acquire Medline Industries Inc. that would value the medical-supply giant at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis, according to people familiar with the matter.
The deal could come together as soon as this weekend assuming the talks don t fall apart, the people said. The Blackstone consortium includes Carlyle Group Inc. and Hellman & Friedman LLC. They beat out a rival bid from the private-equity arm of Canadian investing giant Brookfield Asset Management Inc., the people said. ....

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