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Sweden's Investor and Morgan Stanley to buy Molnlycke Health Care Group for euro2.85 billion

Sweden's Investor and Morgan Stanley to buy Molnlycke Health Care Group for euro2.85 billion

Swedish investment firm Investor AB and Morgan Stanley are buying Molnlycke Health Care Group AB for euro2.85 billion (US$3.7 billion), the companies said Friday.
The majority of the acquisition from private equity firm Apax Partners will be financed by external debt, Investor said in a statement.
Molnlycke, based in Goteborg, Sweden, makes wound care and surgical products primarily for the professional health care sector. It had sales of about euro760 million (US$986 million) in 2006.
An acquisition company will be set up, equally controlled by Investor and Morgan Stanley Principal Investments, with Monlycke's management as minority shareholders, the statement said.
"Investor's share of the equity capital and shareholder loans will amount to euro620 million (US$804 million), corresponding to about 65 percent of the aggregated equity and shareholder loans invested by Investor and Morgan Stanley," the Swedish company said.
The deal is subject to regulatory approval.


Updated : 2021-08-01 03:00 GMT+08:00