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 ......
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 ......
Grapevine: Healthium Medtech gets more suitors; race for Fourth Partner Energy heats up
Ontario Teachers Pension Plan (OTPP), one of the world’s largest pension funds, is teaming up with domestic private equity firm ChrysCapital to bid for Healthium Medtech, a leading global surgical sutures manufacturer, a media report said. Apax Partners, the current owner, has put the company on the block, and the transaction ......
Grapevine: Tata Consumer eyeing two acquisitions; Apax puts Healthium on the block
FMCG major Tata Consumer Products is on track to seal two acquisitions in the sector after months of negotiations, a media report said citing people in the know. Firstly, the Tata Sons company will acquire 75% in Capital Foods Pvt. Ltd, the operator of Ching’s Secret, from existing investors Invus Group ......
Grapevine: Mankind Pharma joins race for Healthium; HUL in talks to divest Pureit
Mankind Pharma is weighing a bid for Healthium Medtech, in partnership with with ChrysCapital, a media report said. The Delhi-based pharmaceutical company and ChrysCapital are forming a consortium to assess the potential acquisition. The move follows ChrysCapital's recent divestment of its Mankind Pharma stake, The Economic Times reported, citing people familiar with the ......
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 ......
Apax Partners strengthens India tech portfolio with first bet in over a year
Apax Partners, a global investment firm focused on the technology, internet, and healthcare sectors, has locked its first private investment in India in more than a year. The private equity firm has invested an undisclosed amount in greytHR, a human resource management system (HRMS) provider. The strategic investment was made ......
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