Directors Deals 

Novo ups ConvaTec stake

Novo ups ConvaTec stake

Nordic Capital, a former private equity owner of ConvaTec (CTEC), offloaded its final stake in the medical equipment manufacturer on 3 May – selling to institutional investors via an accelerated book-build. Nordic had been reducing its position since the company’s 2016 initial public offering. Still, its final sale may not have inspired huge confidence among shareholders – particularly given the supply issues ConvaTec has endured within its advanced wound and ostomy care segments, and management's guidance trim last October.

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