Zimmer closes $14 bln Biomet buy

Zimmer Holdings said Wednesday it has closed its $14 billion buy of Biomet. Zimmer has changed its corporate name to Zimmer Biomet Holdings Inc. The sale to Zimmer, announced in April 2014, provided an exit for PE firms Blackstone, Goldman Sachs PE group, KKR and TPG Capital, which invested in Biomet in 2007.

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