M&A Deal Summary

Morgan Stanley Private Equity Asia Acquires Microlife

On March 3, 2019, private equity firm Morgan Stanley Private Equity Asia acquired medical products company Microlife

Acquisition Highlights
  • This is Morgan Stanley Private Equity Asia’s 2nd transaction in the Medical Products sector.
  • This is Morgan Stanley Private Equity Asia’s 1st transaction in Taiwan.

M&A Deal Summary

Date 2019-03-03
Target Microlife
Sector Medical Products
Buyer(s) Morgan Stanley Private Equity Asia
Deal Type Buyout (LBO, MBO, MBI)

Target

Microlife

Taipei, Taiwan
Microlife engages in developing, manufacturing and distributing consumer medical devices in three core product categories, namely, blood pressure monitors (“BPM”), digital thermometers (“THM”) and flexible heating products (“FH”). Microlife was founded in 1981 and is based in Taipei, Taiwan.

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Buyer(S) 1

DESCRIPTION

Morgan Stanley Private Equity Asia is a direct investment affiliate of Morgan Stanley that looks to acquire minority investments in companies with substantial business operations throughout Asia. The Unit has a preference for fast-growing businesses with strong brands and sustainable competitive advantages. In addition to minority deals, the Firm will also consider select control situations. Morgan Stanley Private Equity Asia was formed in 1993 and is headquartered in Hong Kong.


DEAL STATS #
Overall 33 of 36
Sector: Medical Products M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
Country: Taiwan M&A 1 of 1
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Ratchthani Leasing

Bangkok, Thailand

Ratchthani Leasing provides hire-purchase and leasing services. It operates through three segments: New Car, Used Car, and Others. The company provides supercar, car, bike, truck, and taxi loans, as well as other loans. It also provides insurance brokerage services. Ratchthani Leasing was founded in 1988 and is based in Bangkok, Thailand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 IVD Medical

Shanghai, China

IVD Medical distributes In vitro diagnostic (IVD) products in Mainland China and internationally. The company operates through three segments: Distribution Business, Maintenance Services, and Self-branded Products Business. It offers IVD analysers, reagents, and other consumables for various IVD testing categories, including hematology and body fluid, immunoassay, clinical chemistry, molecular, microbiology, and point-of-care testing. IVD Medical was founded in 1993 and is based in Shanghai, China.

Sell -