18th Apr 2026 11:56
(Alliance News) - US private equity firm TA Associates Management LP is in advanced talks for a GBP600 million takeover of Advanced Medical Solutions Group PLC, Sky News reported on Saturday.
The Boston, Massachusetts-based private equity firm is preparing a formal offer for the Cheshire, England-based surgical dressings company worth around 280 pence per share.
Shares in AMS Group closed up 2.9% at 228.00 pence each on Friday, giving the AIM-listed firm a market capitalisation of GBP500.7 million. The stock has risen 25% over the last 12 months.
Sky News reported that an agreed deal between TA Associates and AMS Group could be announced "within days".
One source told Sky a deal was not certain to be concluded but that serious talks had been ongoing for some time.
Last month, the company said pretax profit leapt 81% to GBP17.8 million in 2025 from GBP9.8 million the year prior.
Revenue grew 29% to GBP228.9 million from GBP177.5 million, and AMS proposed an increased final dividend of 2.01p per share, up from 1.83p a year ago, bringing the total dividend to 2.86p per share, up 10% from 2.60p.
Spokespeople for AMS Group and TA Associates both declined to comment to Sky News.
By Michael Hennessey, Alliance News reporter
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