Latham Advises HARPS on Acquisition of Semperit’s Medical Business

Latham & Watkins has advised HARPS Global Pte. Ltd., a Southeast Asian medical glove producer, on the acquisition of Semperit AG Holding’s medical business, Sempermed. The completion of the transaction is subject to the approval of the competent authorities; it is expected for the second quarter of 2023. The sale price (cash and debt free) is €115 million and is subject to customary price adjustment mechanisms upon completion of the transaction.

The Latham team was led by Singapore M&A partners Farhana Sharmeen and Sharon Lau, with Hong Kong associate I-Ming Tan and Singapore associate Jonathan Wah. Advice was also provided on commercial contracts, intellectual property and data privacy matters by Tokyo partner Stuart Beraha and associates Benjamin Han and Gen Huong Tan; on US antitrust and regulatory matters by Washington, D.C. partner Les Carnegie and San Francisco partner Joshua Holian, with Washington D.C. counsel Andrew Galdes and associates Wilson Boardman, Britton Davis, and Theresa Babendreier; on European antitrust and regulatory matters by Brussels partner Luca Crocco and London partner Robert Price, with Hamburg counsel Jana Dammann de Chapto and Brussels counsels Wesley Lepla and Philipp Studt, and Frankfurt associate Nicolas Jung and London associate Amaryllis Bernitsa; on employment matters by London partner Sarah Gadd, with London counsel Shaun Thompson and associate Anna Cloke; on US corporate law matters by New York partner Jane Greyf, with associates Eric Giray, Christine Ollmann, and Diana Daruwala; on UK corporate law matters by London partner Sam Newhouse and associates Leah Adeniran, Ranulf Barman, and Oliver Mobasser; on German corporate law matters by Düsseldorf partner Heiko Gotsche, with associates Juan Garcia and Jakob Baldes; on environment matters by London partner Paul Davies and Orange County partner Christopher Norton, with London counsel Michael Green and associate James Bee; on anti-corruption and anti-bribery matters by Tokyo partner Kaede Toh with Shanghai associate Yan Bao; and on tax matters by London partner Karl Mah, with counsel James Leslie and associate Abi Jacobs.