Funds managed by KKR will acquire Healthium Medtech Ltd., an Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP.
The acquisition will be made by a special purpose vehicle owned by KKR-managed funds which will acquire a controlling interest in Healthium group, including Healthium. The transaction is subject to receipt of certain regulatory approvals and is expected to close in the third quarter of 2024. Financial details were not disclosed.
Founded in India in 1992, Healthium is a medical devices company that develops, manufactures and sells a broad range of surgical products globally. Its portfolio caters to a wide spectrum of surgeons’ needs, offering wound closure, arthroscopy, and advanced wound closure products.
The Apax Funds acquired Healthium in 2018 and grew the company from a domestic suture player into a global medical devices leader. With the support of the Apax Funds, the company bolstered its management team to add Anish Bafna as CEO and Vishal Maheshwari as CFO. Healthium strengthened its existing portfolio of wound closure devices and consumables and invested in new franchises such as arthroscopy and advanced wound care through in-house R&D and M&A. During this period, Healthium expanded its presence from 50 countries to more than 90 today.
FinSMEs
06/05/2024