Funds managed by KKR will purchase Healthium Medtech Ltd., an Indian medical units firm, from an affiliate of Funds suggested by Apax Companions LLP.
The acquisition might be made by a particular objective automobile owned by KKR-managed funds which is able to purchase a controlling curiosity in Healthium group, together with Healthium. The transaction is topic to receipt of sure regulatory approvals and is predicted to shut within the third quarter of 2024. Monetary particulars weren’t disclosed.
Based in India in 1992, Healthium is a medical units firm that develops, manufactures and sells a broad vary of surgical merchandise globally. Its portfolio caters to a large spectrum of surgeons’ wants, providing wound closure, arthroscopy, and superior wound closure merchandise.
The Apax Funds acquired Healthium in 2018 and grew the corporate from a home suture participant into a world medical units chief. With the assist of the Apax Funds, the corporate bolstered its administration workforce so as to add Anish Bafna as CEO and Vishal Maheshwari as CFO. Healthium strengthened its present portfolio of wound closure units and consumables and invested in new franchises resembling arthroscopy and superior wound care by way of in-house R&D and M&A. Throughout this era, Healthium expanded its presence from 50 international locations to greater than 90 at this time.
FinSMEs
06/05/2024
