Acquisition History / KKR / Healthium Medtech Ltd
KKR Acquires Healthium Medtech Ltd
Announced May 6, 2024 — $840M
What happened
KKR signed definitive agreements to acquire a controlling interest in Healthium Medtech from funds advised by Apax Partners, in a deal reported at about Rs 7,000 crore, or roughly $840 million. Healthium, founded in India in 1992, develops and manufactures surgical sutures and other devices sold globally. Apax had bought the company in 2018 and grown it from a domestic suture player into a global medical devices business.
- Acquirer
- KKR
- Target
- Healthium Medtech Ltd
- Announced
- May 6, 2024
- Price
- $840M
- Industry
- Surgical devices and consumables
- Buyer type
- Private equity
- Backing investors
- Apax Partners (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did KKR acquire Healthium Medtech Ltd?
KKR acquired Healthium Medtech Ltd on May 6, 2024. This was KKR's 1st publicly tracked acquisition out of 3 we have on record.
How much did KKR pay for Healthium Medtech Ltd?
KKR paid $840M for Healthium Medtech Ltd.
What does Healthium Medtech Ltd do?
KKR signed definitive agreements to acquire a controlling interest in Healthium Medtech from funds advised by Apax Partners, in a deal reported at about Rs 7,000 crore, or roughly $840 million. Healthium, founded in India in 1992, develops and manufactures surgical sutures and other devices sold globally. Apax had bought the company in 2018 and grown it from a domestic suture player into a global medical devices business.
What other Surgical devices and consumables companies has KKR acquired?
Healthium Medtech Ltd is KKR's only publicly tracked acquisition in Surgical devices and consumables so far.
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