Montagu and Kohlberg, two private equity firms, have completed the acquisition of Teleflex’s original equipment manufacturer (OEM) medical business for $1.5 billion. The transaction was supported by legal advisors Kirkland & Ellis, Ropes & Gray, and Matheson for Montagu and Kohlberg, while Teleflex was advised by Simpson Thacher.
The deal marks a significant move in the medical device sector, with Montagu and Kohlberg expanding their portfolio in the healthcare industry through this acquisition.
**Why this matters**
This acquisition allows Montagu and Kohlberg to strengthen their position in the medical OEM market, potentially driving innovation and growth. For Teleflex, the sale enables a strategic focus on its core business areas, optimizing resources and operations. The transaction also highlights ongoing consolidation trends within the healthcare equipment industry.