Biomet Inc. chief executive Dane Miller won’t lead the
Miller, who has an equity stake in the acquisition, will be a director. But his involvement won’t extend to a formal management role, the newspaper reported, citing a proxy statement and interview with Miller.
The buyer—LVC Acquisition LLC—includes Miller, The Blackstone Group, Goldman Sachs & Co., Kohlberg Kravis Roberts and Texas Pacific Group. The deal is expected to close Oct. 31.
Miller has established an office at