London-headquartered Apax Partners acquired Bangalore-based Healthium Medtech in a deal worth approximately $350 million. (In mid-March I had mentioned that this deal was in the offing.) Healthium is India's largest medical consumables and surgical sutures company. It also owns Quality Needles and U.K.-based Clini Supplies. "Healthcare is a key focus...
Microsoft Ventures Evinces Interest in India's Startups
San Francisco, CA-based Microsoft Ventures is looking at investing in India's startups. Peggy Johnson, executive vice-president for business development said, "Microsoft Ventures is not here [in India] yet. We intend to come to this market…there will be an explicit commitment for India." The company already services about 5,000 Indian startups...
IBM India Targets Banking, Telecom, IoT
In India since 1951, IBM India has expanded its operations with regional headquarters in Bangalore and offices across 20 cities. "The biggest growth for us is going to come from the financial services. We are going to consolidate telco and look at new revenue streams because telco is an industry...
Britain's Apax Partners to Acquire India's Healthium Medtech
British private equity firm Apax Partners LLP., headquartered in London, England, is set to acquire India’s largest surgical and wound care products maker Healthium Medtech (formerly Sutures India) in a deal estimated at $400 million. San Francisco- and Fort Worth-headquartered private investment firm TPG that held a 73% share in Healthium,...
AngelList Launches Syndicate Services for India
San Francisco-based AngelList, a crowdfunding platform and start-up community, launched ‘Syndicates for India’— a way for investors in India to invest alongside experienced angels and venture investor funds that invest in India’s vibrant tech ecosystem. For investors, syndicates are a private single-deal investment vehicles that let an investor invest in...
Levi's Consolidates S. Asia, N. Africa and Middle East Businesses
San Francisco-based denim corporation Levi's merged its South Asia market operations with those of the Middle East and North Africa citing common consumer preferences and synergies across these markets. These three geographies account for $200 million in wholesale revenue, and form the fastest growing business unit within Levi's globally. The...