New Beginnings Investment (Hong Kong) Co, Limited, a wholly-owned subsidiary of Zhende Medical Co., Ltd, and Multigate Medical Products UK Limited, a wholly-owned subsidiary established by Multigate Medical Products Pty Ltd, have jointly acquired the entire issued share capital of Rocialle Healthcare Limited, a manufacturer and supplier of medical devices and consumables in the UK, from Berendsen Healthcare Limited, a subsidiary of Elis SA, a French multi-service provider and a manufacturer and supplier of medical devices and consumables in the UK.
Multigate Medical Products Pty Ltd, is one of Australia’s leading manufacturers and suppliers of procedure packs and medical consumables for the public and private hospital markets. Zhende Medical Co., Ltd is a Shanghai Exchange-listed business and market leader in the design and manufacturing of medical products, specializing in wound management, infection and prevention, pressure treatment, sports protection and rehabilitation.
This is the purchasers’ first acquisition in the United Kingdom.
- This transaction was completed on August 22, 2019.
- McDermott Will & Emery acted as legal advisor to Multigate Medical Products Pty Ltd while Mazars LLP advised on accounting aspects of the transaction.
- Osborne Clarke LLP acted as legal advisor and KPMG acted as financial advisor to Berendsen Healthcare Limited.
- The McDermott team was led by Sharon Lamb and Linda Zeman and included Matthew Chen, Sarah Gabbai, Gary Howes, Christopher Lynn, Paul McGrath, Thomas Calnan, Rosemary McSwiney, Rosie Mist and Laura Scaife.
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