06-Apr-18, ET Healthworld

British buyout fund Apax Partners is acquiring Healthium Medtech (HMPL) for USD300 mn, from its existing private equity owners TPG Growth, which holds 73%, homegrown PE firm CX Partners and founding shareholders.

Apax to buy TPGs Healthium Medtech for USD300 mn (c) ET Healthworld

Image: ET Healthworld

This will be London-headquartered Apax’s second healthcare deal in India after its 2007 debut with an investment in Apollo Hospitals Enterprises.

Healthium is the country’s largest medical consumables and surgical sutures company. It also owns Quality Needles and UK-based Clini Supplies, which were acquired in 2017 and 2015, respectively.

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