Apax Partners has sold Mlnlycke Health Care Group to Investor AB and Morgan Stanley Principal Investments (MSPI) for EUR2.85 billion. Apax Partners acquired the wound care division of SSL International (later re-named Medlock Medical) in March 2004 and the surgical gloves unit (Regent Medical) in June 2004. This positioned Apax for the subsequent auction of Mlnlycke, which was acquired in June 2005. The three businesses were then merged in August 2005 to form MHCG.
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