Article: Buyout frenzy hits Indiana firms

The year closed with two multibillion-dollar buyouts of Indiana public companies-Carmel-based Adesa Inc. and Warsaw-based Biomet Inc. It was a fitting way to wrap up what was a record year for U.S. buyouts, many of them launched by deep-pocketed private equity firms.

Adesa, an operator of auto auctions, announced Dec. 22 that it will be sold to a group of private-equity investors, including New York-based Goldman Sachs Group Inc., for $3.7 billion.

Four days earlier, Biomet, a maker of orthopedic implants, announced it would be acquired by a consortium of private equity investors for $10.9 billion.

An Indiana company was on the buying end of the other 2006 buyout that topped $1 billion. ...

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