BANGKOK Oct 11 Morgan Stanley Private Equity
Asia said on Tuesday its fund will buy a 25.63 percent stake in
baby-and-adult diaper maker DSG International Thailand Pcl
for 1.61 billion baht ($46.2 million), or 5 baht a
share, in its first investment in Thailand.
North Haven Private Equity Asia Angel Co, a fund managed by
Morgan Stanley, received acceptance to buy 322.89 million DSG
shares, or 25.63 percent, from DSG shareholders in a tender
offer that closed on Monday, Morgan Stanley Private Equity Asia
said in a statement.
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.
Bualuang Securities is the financial adviser and tender
offer preparer for DSG shares.
($1 = 34.8800 baht)
(Reporting by Khettiya Jittapong)