KKR acquired Healthium Medtech Ltd., a leading Indian medical devices company, from Apax Partners. The deal, valued at approximately Rs 7000 crore, involves a special purpose vehicle owned by KKR-managed funds gaining control of Healthium. Healthium, the fourth-largest surgical suture manufacturer globally, maintains a strong presence in India and abroad, with KKR aiming to leverage its expertise to further expand its reach
KKR and Apax have signed a binding agreement for purchase of the Bengaluru-based company, with a formal announcement expected as early as Monday, the people cited said. Moneycontrol was first to report on Saturday that KKR was the highest bidder for Healthium. Mankind-ChrysCapital had offered ₹6,500 crore ($780 million), said the people cited.
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