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Carlsquare advised on the debt financing of UG Healthcare Corporation Ltd.’s acquisition of German distribution company Unigloves GmbH

Carlsquare acted as exclusive debt advisor to UG Healthcare Corporation Ltd. (“Unigloves Singapore”), a listed Singaporean disposable glove manufacturer, facilitating the acquisition financing of their previously minority-owned German distribution company Unigloves GmbH (“Unigloves Germany”), which now becomes a wholly owned subsidiary.

Unigloves Germany is a distribution company of disposable medical equipment based in Troisdorf, Germany. The product portfolio includes not only the premium disposable examination gloves of new majority shareholder Unigloves Singapore, but also other disposable medical items under the UNIGLOVES brand, including face masks, disinfection products, and dental supplies. While catering to local resellers, the end-users, e.g. dentists and tattoo artists, highly appreciate the gloves’ exceptional comfort and tactile sensitivity. Unigloves Germany is also valued for offering a convenient one-stop shop experience, providing all essential disposable items required for diverse businesses to operate seamlessly.

Unigloves Singapore, founded in 1988, is a listed own brand manufacturer that markets and sells proprietary UNIGLOVES branded products through its own established global downstream distribution network with local presence in Europe, Asia, the US, and South America. In addition to the core business of selling disposable examination gloves, the product portfolio also includes reusable gloves, surgical, vinyl and cleanroom disposable gloves as well as non-glove products such as face masks and disposable medical products.

The acquisition will help Unigloves Singapore to consolidate its control and increase its participation in the marketing and distribution operations of Unigloves Germany in Europe, thereby enhancing downstream distribution efficiency.

Carlsquare was engaged to advise on debt structuring and negotiate with potential financiers, leveraging its broad network of corporate lenders as well as extensive experience in the life sciences sector.

“To partner with Unigloves Germany’s outstanding management team and Grünwald Equity has been an exciting value creation opportunity for us and we look forward to further capitalizing on the consolidation of our global distribution network. We thank Carlsquare for steering us through this structurally complex transaction involving a share buyback and equity injection. Their expertise in debt financing was indispensable in bringing the transaction to such a successful end.”Mr. Jun Yih Lee, UG Healthcare Corporation Limited

Carlsquare provided exclusive debt advisory services to UG Healthcare Corporation Limited.

UG Healthcare Corporation Limited
Grünwald Equity
Daniel Gebler
Daniel Gebler LinkedIn
Managing Partner and Head of Debt Advisory
Constantin von Wiedersperg
Constantin von Wiedersperg LinkedIn