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White & Case Advises Duke Street on Acquisition of Medi-Globe

08 Mar 2016

White & Case LLP has advised London-headquartered mid-market private equity firm Duke Street, as consortium leader, on the acquisition of the Medi-Globe Corporation, a Germany-based medical devices business focused on minimally invasive surgery in gastroenterology and urology.

As well as Duke Street, the consortium includes funds advised by DB Private Equity, Atnahs Capital, Brederode and Harwood Capital. The Medi-Globe acquisition is Duke Street's first transaction in Germany. The parties have agreed not to disclose the purchase price.

Duke Street invests in Western European mid-market companies in five sectors – consumer, business services, healthcare, financial services and industrials & engineering. The acquisition of Medi-Globe significantly expands its healthcare sector portfolio with the aim of benefiting from Medi-Globe's strong presence in emerging markets.

Medi-Globe is a developer, manufacturer and distributor of disposable accessories for use in flexible endoscopy in the fields of gastroenterology and urology. It also distributes a wide range of hospital supplies to an expanding range of customers. Its main markets are in Germany and France, with developing businesses elsewhere in Europe, China, Japan and Brazil.

The White & Case team which advised on the transaction was led by partner Stefan Koch (Frankfurt) also included partners Carolyn Vardi (New York), Tom Schorling (Frankfurt), Börries Ahrens (Hamburg) and Bodo Bender (Frankfurt), counsel Sibylle Münch (Frankfurt), local partners Matthias Kiesewetter (Hamburg), Ingrid Knollmeyer (Frankfurt), Katrin Rübsamen (Berlin) and Florian Ziegler (Frankfurt), with support from associates Hugo Schwarz Leite (Frankfurt), Marco Stephan (Frankfurt), Ralph Dräger (Frankfurt), Andreas Kössel (Frankfurt), Stella Guadamillas Cortés (Frankfurt), Christian Holtz (Hamburg), Reinhard Sucker (Hamburg), Heiner Mecklenburg (Hamburg) and Behnam Yazdani (Frankfurt). Lawyers from the White & Case office New York and Prague also provided support.

Matter Type
M&A: Acquiror's Counsel
Industry
Fund/Investment Management
News Category
M&A