In its second healthcare deal, British buyout investor Apax Partners will acquire India's largest surgical and wound care products maker Healthium MedTech, formerly called Sutures India, for nearly $350 million, or slightly over Rs 20 billion, Apax disclosed on Wednesday.
In 2007, it made its first healthcare investment in Apollo Hospitals Enterprises. This deal marks the London-headquartered private equity (PE) firm’s eighth investment in India. Apax Partners has invested more than $2 billion in India across companies like Apollo Hospitals, IGate, Zensar Technologies, Shriram City Union, and Cholamandalam Finance.
Unlike some of its peers who have struggled to make money