Europe approves a private equity buyout of a medical device maker

The European Commission has approved the sale of Teleflex's OEM business to Kohlberg and Montagu, two private equity firms. This means the medical device components business can now change ownership without further regulatory hurdles in Europe.

This is a routine approval for a merger and acquisition. It means the deal can go through. The European Commission found no competition concerns, so the market for these medical device components will not change significantly.