Schoenherr has advised Singapore-based Harps Global on its acquisition of the medical business division Sempermed from the Austrian Semperit Group for an enterprise value of EUR 115 million.
The transaction remains contingent on regulatory approval.
Sempermed manufactures, distributes, and sells medical examination and surgical gloves. The seller, Semperit Technische Produkte GmbH, is a subsidiary of the Vienna Stock Exchange-listed Semperit AG Holding.
Harps Global is the holding company of Malaysian glove manufacturer Harps Holdings Berhad. Founded in 2015 by Malaysian entrepreneur Haziq Bin Zairel Oh, Harps Holdings is a manufacturer and distributor of nitrile examination gloves based in Teluk Intan, Perak, Malaysia. Harps set up Harps Global as its headquarters in Singapore to act as the holding company and regional hub for the Harps group.
Schoenherr’s team included Partners Christian Herbst, Maximilian Lang, Volker Weiss, Kinga Hetenyi, and Constantin Benes, Counsels Teresa Waidmann, Evelin Hlina, and Iliyana Sirakova, Attorneys at Law Zurab Simonishvili and Nina Zafoschnig, and Associate Markus Fasching.