Yunfeng, MicroPort agree international medical devices carve-out
Chinese PE firm Yunfeng Capital and Hong Kong-listed medical device manufacturer MicroPort Scientific Corporation will acquire US-listed LivaNova's cardiac rhythm management (CRM) business for $190 million in cash.
MicroPort will contribute 75% of the equity, with the remainder provided by Yunfeng Fund III, the latest US dollar-denominated fund launched by the GP. The ownership split will also be 75-25, according...
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