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, wanted to divest itself from this business.
This deal will give Apax a slice of the $3 billion Indian wound care market which is expanding quickly due to increasing numbers of surgical births, knee replacements, and cosmetic procedures, among other factors.
Based in Bangalore, Healthium Medtech has a staff of 350 people, and it exports 40% of its production to 100 countries in Europe, South America, Asia, and Africa.
