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KKR signs deal to acquire Healthium from Apax Partners
VCCircle
·
1y ago
Medial
US private equity firm KKR & Co. has announced its acquisition of Indian medical device manufacturer, Healthium Medtech Ltd., from UK-based Apax Partners. The deal, facilitated by a special purpose vehicle owned by KKR-managed funds, is expected to close in Q3. Financial details were not disclosed, but KKR's Asian Fund IV will lead the investment. Healthium previously attempted an unsuccessful public offering and divested its UK-based business in the urology segment to KKR. The company reported strong financial performance, with consolidated net profit for FY23 reaching INR 603.25 crore.
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Tata Consumer eyeing two acquisitions; Apax puts Healthium on the block
VCCircle
·
1y ago
Medial
Tata Consumer Products is reportedly set to acquire a 75% stake in Capital Foods Pvt. Ltd, the company behind Ching’s Secret. Additionally, Tata Consumer Products is said to be in talks to make another acquisition in the FMCG sector. Apax, on the other hand, is said to be selling its stake in Healthium.
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Grapevine: PEs eye India's largest cardiac stent maker; O2 Power race heats up
VCCircle
·
11m ago
Medial
Private equity firms such as KKR, TPG Capital, and Apax Partners are considering investing in India's largest cardiac stent maker, Sahajanand Medical Technologies (SMT). The evaluation values SMT at around Rs 3,500-4,000 crore. Another global private equity firm and Mumbai-based pharmaceutical company, Alkem Laboratories, are also reportedly interested in the deal. The potential investment highlights the growing interest in the healthcare sector in India.
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KKR to acquire Kerala hospital in year's third India healthcare deal
VCCircle
·
1y ago
Medial
Private equity firm KKR has announced its acquisition of a majority stake in Kerala-based Baby Memorial Hospital (BMH), marking its third healthcare deal in India this year. Through its investment, KKR aims to support the expansion of BMH's network of hospitals across India. The financial terms of the transaction were not disclosed. KKR has previously invested in the Indian healthcare sector, including acquiring a minority stake in Infinx Services Pvt Ltd and purchasing medical devices maker Healthium Medtech Ltd. The deal underscores the growing interest of global funds in India's healthcare sector.
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KKR, PhysicsWallah, Drishti IAS, Bain Capital, Emcure in news
VCCircle
·
4m ago
Medial
Private equity firm KKR is reportedly in discussions to acquire Leixir Dental Laboratory, which has operations in the US and a facility in Gurugram, India. KKR aims to purchase Leixir from Comvest Investment Partners, with the deal valued between $200-$250 million. Additionally, educational platforms like PhysicsWallah and Drishti IAS, as well as companies like Bain Capital and Emcure, are also making news in the investment and business sectors.
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KKR, Novo Nordisk, others bid for Healthium buy
Livemint
·
1y ago
Medial
Private equity major KKR and pharma company Novo Nordisk, as well as India-focused private equity firm ChrysCapital and pharmaceutical company Mankind Pharma, have submitted final bids to acquire surgical sutures firm Healthium Medtech. The bids value the Bengaluru-based company at up to ₹6,500 crore and were submitted by a deadline of Wednesday night. Healthium, formerly known as Sutures India, is one of the largest global manufacturers of surgical sutures. The company has steadily introduced higher value-added products and has a presence in over 90 countries.
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Apax Partners names new India head, to speed up dealmaking
VCCircle
·
6m ago
Medial
Apax Partners named Anurag Sud as the new head of its India operations, aiming to accelerate investments in the country. The private equity firm has made only two investments in India over the past two years but managed at least three successful exits. This strategic leadership change underscores Apax Partners' focus on ramping up its deal-making activities in India to capitalize on emerging opportunities in the region’s dynamic investment landscape.
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Apax Partners Eyeing To Scale Up Its India Investments With New Team
Inc42
·
1y ago
Medial
London-based private equity firm Apax Partners is planning to increase its investments in India across pharmaceuticals, consumer, and consumer derivative markets. The firm has invested approximately $3.5 billion in India over the past two decades and has recently built a team dedicated to scouting buyout opportunities in the country. Apax aims to acquire controlling stakes in Indian companies and is open to partnerships with founders and management teams. The firm's focus is on sectors such as pharma, consumer goods, consumer derivatives, and tech services. Apax has allocated 7-10% of its global fund to India.
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KKR turns second time unlucky as it signs off an India bet with huge loss
VCCircle
·
1y ago
Medial
Private equity firm KKR has decided to exit a seven-year-old investment in India, resulting in a significant loss. The firm recently made a $1.1 billion deal in the country's infrastructure investment trust, but is now cutting ties. KKR had also made a smaller investment in the solar energy sector.
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Apax Partners generates over $90 mn liquidity from India portfolio
VCCircle
·
1y ago
Medial
London-based private equity investor Apax Partners has recently generated over $90 million in liquidity from its Indian healthcare portfolio firm. This move highlights Apax Partners' successful monetization activities in India, as it withdraws a third of its initial investment amount. The private equity firm's India head, Anurag Sud, has played a key role in this achievement.
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KKR to Acquire a Stake in Cotiviti From Veritas Capital
Livemint
·
1y ago
Medial
Private-equity firm KKR & Co. is set to acquire a stake in healthcare-technology company Cotiviti from Veritas Capital in a deal valued at approximately $11 billion. This would make KKR and Veritas equal owners of Cotiviti. The acquisition marks one of the largest private-equity transactions in recent times. The deal is expected to close in the second quarter of this year, pending regulatory approval. Cotiviti provides regulatory and cost-control technology for healthcare providers and insurers. The acquisition signals a potential rebound in large private-equity mergers after a slow 2023.
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