AUSTRALIAN Pharmaceutical Industries is understood to be among a number of companies bidding for Laser Clinics Australia, which operates a network of about 60 outlets across the country.
According to the Financial Review, API is working with advisory firm Morgan Stanley to lodge a final bid for the "botox and hair removal business" which is up for sale.
Other bidders are said to include Bain Capital, Permira, KKR & Co and US-based spa services provider Steiner Leisure, with bids in the auction process due by 24 Aug.
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