Morgan Stanley fund to buy stake in Thai diaper maker for $46.2 millionStaff Writer | October 12, 2016
Morgan Stanley Private Equity Asia said its fund will buy a 25.63 percent stake in baby-and-adult diaper maker DSG International Thailand or 1.61 billion baht ($46.2 million), or 5 baht a share.
Acquisition The first investment in Thailand
North Haven had initially offered to buy at least 23.46 percent of DSG shares.
"We believe that the Thai market overall is one of the most attractive markets with positive long-term potential. We shall continue to look for new investment opportunities in this market," said Kingsley Chan, managing director, Morgan Stanley Private Equity Asia.
North Haven is a $1.7 billion closed-end private equity fund that aims to make investments in Asia. ■