International law firm Simmons & Simmons has advised founder Scott Hayden on the sale of his stake in Kepler SignalTek (KST), a specialist manufacturer of patient connected medical products headquartered in Hong Kong with manufacturing operations in China and Indonesia.
Volex, a global critical manufacturing partner delivering complex power and data connectivity solutions, has acquired the remaining 64.3% of its stake in KST, for up to $89.4 million. Volex has been an investor in KST since its formation in 2017.
The acquisition increases Volex’s ownership of KST to 100% and extends its medical offering into patient connected products, including single use and reusable cables and devices used in patient monitoring, surgical procedures, cardiac therapy and ultrasound imaging.
KST founder Scott Hayden will continue to lead the business, maintaining its focus on customer markets, technologies and product development.
A cross border Simmons & Simmons team based in London, Hong Kong and the PRC, led by corporate Partner Raghav Ghai and Managing Associate Max Schofield worked alongside Holland & Knight, LLP based in the U.S., led by corporate Partner Alyse Latour and tax Partner Larry Kemm.
Raghav Ghai commented: “This strategically important transaction drew on our cross border M&A and sector expertise and highlights our ability to step in at pace and guide clients through complex international exits including in industries such as medical technology.”
