Colfax: A Spinoff Bet on the Rales Brothers
Feb 10, 2022
The Edge’s data shows what may be the next step in the Rales brothers value creation process. The Rales brothers are the co-founders of Danaher (DHR) and are known for their hugely successful Spinoff of Fortive (FTV) in 2016. The Edge believes the brothers will be using the same playbook to Spinoff Colfax’s “FabTech” business (to be spun off as ESAB) from its “MedTech” business — the parent after the Spinoff, which is to be renamed Enovis — via a tax-free distribution.
A key insider is buying pre-spin off, and The Edge’s recently updated activist study also points to upside potential.