Bain Capital is assessing a potential bid for Craneware, the Edinburgh-based healthcare software firm listed on the London Stock Exchange.

The possible transaction would mark another step in the wave of UK-listed companies attracting private equity interest amid ongoing undervaluation concerns in public markets.

In a statement released Friday, Bain Capital confirmed that it is evaluating a possible offer for Craneware but has not yet made any formal approach to the company’s board. Under UK takeover rules, Bain has until 13 June to decide whether to make a binding bid.

Craneware, which provides financial and operational software to hospitals in the US, reported revenue of $189m last year and employs over 800 people. The company recently deepened its collaboration with Microsoft to expand its presence on Azure cloud platforms.

The firm’s share price jumped 10% following news of the potential bid. Analysts at Panmure Liberum noted that Craneware has long been viewed as a likely acquisition target due to its strong positioning in the US healthcare IT market. “We think there could be several interested parties if this was to proceed,” the firm wrote.

If a deal goes ahead, Craneware would join a growing list of UK-listed firms exiting the public markets. Recent examples include Just Eat and Flutter, both of which have been targeted amid renewed private equity and corporate interest in high-performing UK assets.

Source: The Standard

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