Teleflex Inc. (Teleflex (TFX)) shares jumped 8.22% to $135.00 in pre-market trading on Wednesday, after private equity firms CVC Capital Partners and GTCR submitted a joint bid to take the medical device maker private.
The offer is currently under evaluation, and there is no certainty that a deal will be finalized, Reuters reported, citing a source.
TFX closed the regular session down 5.46% at $124.75, according to market data.
CVC Capital Partners and GTCR did not immediately respond to a request for comment.
Activist Pressure Preceded the Approach
The bid follows criticism from activist investor Irenic Capital Management, which in March pressured Teleflex's board for resisting engagement with potential acquirers.
CVC on an Acquisition Spree in 2026
Amsterdam-listed CVC has been highly active in early 2026. Recent deals include the acquisition of Marathon Asset Management for roughly $1.2 billion and a signed agreement to acquire a controlling stake in Equine Network, expected to close in the second quarter.
Chicago-based GTCR brings deep medtech deal experience.
Teleflex is a medical technology company that provides specialty medical devices for critical care, vascular access, and surgical procedures. The company sold three business units for $2.03 billion in December as part of its ongoing restructuring.
The company's fourth-quarter earnings, reported in February, missed hard — earnings per share came in at $1.93 against analyst estimates of $3.74, a 48.4% miss, while revenue of $568.98M fell well short of the $917.93M estimate.
Trading Metrics, Technical Analysis
Teleflex has a market capitalization of $5.52 billion, with a 52-week high of $138.93 and a low of $100.18.
The mid-cap stock has a Relative Strength Index (RSI) of 58.27.
Over the past 12 months, TFX has dropped 5.09%.
Currently, the stock is positioned at about 63.4% of its 52-week range.
Market data indicates that TFX stock is experiencing a positive price trend across all time frames.
