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 ......
Deals Digest: Funding level drops week-on-week but stays strong at over $400 mn
Indian companies raised a lower amount of capital this week compared with the previous five-day period as only a handful of big-ticket deals were announced. The value of a key transaction remained undisclosed, keeping the overall funding value lower. This week, private companies cumulatively secured about $432 million, about 23% lower than ......
Apax Partners generates over $90 mn liquidity from India portfolio
London-based private equity investor Apax Partners has generated more than $90 million in liquidity from an Indian healthcare company, taking out a third of the amount it poured into the portfolio firm, VCCircle has gathered. The PE firm’s move adds to its monetisation activities in the South Asian nation, where it ......
Apax stares at windfall from investment in IPO-bound Healthium Medtech
London-based private equity firm Apax Partners may triple its less than three-year-old investment in surgical, post-surgical and chronic care product maker Healthium Medtech, according to VCCircle analysis. It will reportedly attain a post-money equity valuation of about $1 billion (Rs.7,300 crore). Going by the valuation, Apax Partners’ aggregate investment in the ......
Healthium CEO on how coronavirus will change the medical devices sector in India
In 2018, Apax Partners acquired a controlling stake in Healthium Medtech Pvt Ltd from investors including TPG Growth, CX Partners and founding shareholders. The same year, Anish Bafna was hired from Baxter International to lead the Healthium group, which houses Bengaluru-based Healthium Medtech (formerly Sutures India), Noida-based Quality Needles and UK-based ......
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