KKR-backed Healthium acquires controlling stake in surgical products maker
Healthium Medtech, a KKR-backed medical device maker that is reportedly raising capital for acquisition-led expansion, has inked a deal to buy a controlling stake in a surgical products manufacturer to strengthen its surgical consumables portfolio. The Bengaluru-based company will acquire a controlling stake in Paramount Surgimed Ltd. The financial terms of ......
Grapevine: KKR, Carlsberg, JSW Group, Axis Bank, Spinny in news
Private equity firm KKR is looking to expand portfolio company Healthium MedTech while JSW Group is in advanced talks with Japanese and South Korean companies to set up a battery cell JV and Axis Bank is revaluing non-bank lending arm Axis Finance, according to media reports. Meanwhile, Spinny is set to ......
PE-backed strategics eye stake in IVD firm Agappe Diagnostics
In-vitro diagnostic (IVD) company Agappe Diagnostics is considering diluting majority stake in the firm and is said to be in early discussions with a clutch of strategic investors one of which is backed by a bulge bracket private equity fund, at least two people aware of the development told VCCircle. Ernakulam, ......
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 ......
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 ......
KKR to buy stake in Apax Partners-owned Healthium Medtech's arm
Medical devices company, Healthium Medtech Ltd. (formerly Sutures India) is in the process of selling stake from its UK-based subsidiary, Clinisupplies to private equity major KKR. Financial details of the transaction were not disclosed. KKR will invest in Clinisupplies through its $4 billion Health Care Strategic Growth Fund II. "The divestment of ......
Grapevine: EQT, KKR eye Healthium Medtech; Nazara bids for Smaaash
Top global private equity firms, including EQT, KKR, Bain Capital, and Advent International, have submitted initial bids to buy Apax Partners-backed Healthium Medtech, a media report said. The medical devices firm is anticipated to be valued at $750-850 million in this mega deal, Moneycontrol reported, citing people familiar with the matter. A consortium of Canada's Ontario Teachers ......
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