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 ......
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 ......
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 ......
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: 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: 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: 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 ......
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 ......
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 ......
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