Montagu and Kohlberg to Acquire Teleflex Medical OEM in a Carve-out Transaction

Ropes & Gray represented Kohlberg, alongside Montagu, in a definitive agreement to acquire Teleflex Medical OEM from Teleflex Incorporated (NYSE: TFX) for $1.5 billion in a carve-out transaction. Teleflex Medical OEM is a leading contract developer and manufacturer of custom-engineered interventional catheter components and sub-assemblies, as well as surgical fibers and sutures.

The transaction, which is expected to close in the second half of 2026 subject to customary regulatory approvals and other closing conditions, was announced in a Dec. 9 press release.

Kohlberg invests in leading healthcare and services companies, and currently manages approximately $17 billion on behalf of investors globally.

The Ropes & Gray team includes private equity partners Andrew Silver, Doug Giannantonio and Will Shields, tax partner Tristan Evans-Wilent, litigation & enforcement partner Ruchit Patel, IP transactions partner Jordan Altman, and private equity partner Deidre Johnson.