KKR pursuing another Kerala-based hospital operator
Private equity giant KKR is exploring another hospital deal in South India, two people aware of the development told VCCircle, as the buyout firm moves quickly to expand its presence in the country’s healthcare sector. The New York-listed PE firm has struck four transactions in India’s healthcare sector over the last ......
PE-backed Medikabazaar names former Healthium Medtech exec new CEO
Medikabazaar, a business-to-business online marketplace for medical supplies, said Wednesday it has appointed Dinesh Lodha as the new group CEO. Lodha, the former group CEO of healthcare products supplier Healthium Medtech, has over two decades of experience in the medtech industry and has served in leadership roles across various sectors, Medikabazaar ......
KKR signs deal to acquire Healthium from Apax Partners
US private equity giant KKR & Co. Monday announced an agreement to acquire Bengaluru-based medical device maker Healthium Medtech Ltd from UK-based private equity firm Apax Partners. The acquisition, slated to be completed in the third quarter of this year, will be facilitated through a special purpose vehicle owned by KKR-managed funds, it said in a ......
Bottomline: PE-backed Healthium improves profit margins but dividend payouts weigh
Medical supplies manufacturer Healthium Medtech Pvt. Ltd has managed to improve its operating profit margins and is growing its revenue steadily but dividend payouts to help its controlling shareholder repay loans weigh on its prospects. The company, which was earlier known as Sutures India Ltd and was acquired by private equity ......
Former Apax India PE head picks up stake in AI firm Ascendion
Shashank Singh, the former India head of private equity firm Apax Partners, has picked up a “significant” equity stake in US-based Ascendion, an artificial intelligence-based software engineering services provider. Singh, who left Apax in 2023 after working with the PE firm for almost 20 years, will be Ascendion's first external investor ......
Apax Partners names new India head, to speed up dealmaking
Private equity firm Apax Partners has named a new head for its India operations, as it looks to accelerate investments in the country where it has made only two investments in the last two years but has clocked at least three exits. The UK-based PE firm said Wednesday Anurag Sud, who ......
Grapevine: Samara in talks to buy Bharti's Del Monte stake; Healthium gets another suitor
Private equity firm Samara Capital is in advanced discussions to acquire a 50% stake in Del Monte Foods, a pasta and sauces maker, from Bharti Enterprises, a media report said. Samara is also considering a minority stake in Godrej Tyson Foods, the producer of Yummiez frozen foods, with valuations for both ......
Outlook 2025: Why healthcare deals will stay in limelight and what trends will play out
The healthcare industry experienced robust deal activity in 2024. This was motivated by resilient demand and changes in patient needs. Subsectors that stood out in 2024 included specialty hospitals, contract development and manufacturing organizations (CDMOs), and the medical devices industry. Consolidation and platform creation saw through large transactions such as Advent ......
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