M&A Deal Summary

Apax Acquires Healthium

On April 6, 2018, private equity firm Apax acquired medical products company Healthium from TPG for 300M USD

Acquisition Highlights
  • This is Apax’s 10th transaction in the Medical Products sector.
  • This is Apax’s 47th largest (disclosed) transaction.
  • This is Apax’s 6th transaction in India.
Investment Fate
  • Healthium was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2018-04-06
Target Healthium
Sector Medical Products
Buyer(s) Apax
Sellers(s) TPG
Deal Type Secondary Buyout
Deal Value 300M USD

Target

Healthium

Bengaluru, India
Healthium is a manufacturer and marketer of surgical and medical consumables including surgical sutures, staplers, suturing needles, other wound closure products, surgical gloves, urology products, and a range of minimally invasive solutions. Healthium was formed in 1992 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 200 of 266
Sector: Medical Products M&A 10 of 10
Type: Secondary Buyout M&A Deals 39 of 67
Country: India M&A 6 of 7
Year: 2018 M&A 4 of 11
Size (of disclosed) 47 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Wizeline

San Francisco, California, United States

Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline was founded in 2014 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-19 Solita

Helsinki, Finland

Solita is an IT service company that develops for its customers more intelligent management and improved business operations on the Internet. Solita was established in 1996 and is based in Helsinki, Finland.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 176 of 277
Sector: Medical Products M&A 9 of 12
Type: Secondary Buyout M&A Deals 17 of 42
Country: India M&A 7 of 15
Year: 2018 M&A 7 of 23
Size (of disclosed) 58 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Mobike Singapore Pte

Singapore, Singapore

Mobike Singapore Pte Ltd. is a bike sharing service to fulfil urban short trips conveniently, anytime, anywhere, by combining innovation and today’s IoT (Internet of Things) technology. Mobike is green, reduces congestion and continually strives to improve the quality of city life. Mobike provides an affordable means of shared transportation for convenient short urban trips, while reducing congestion and our city's carbon footprint that improves the quality of city life.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Curo Health Services

Mooresville, North Carolina, United States

Curo Health Services is a provider of home healthcare and hospice services throughout various communities across the country. Guided by a patient’s physician, Curo’s team of clinicians combine clinical expertise with dedicated and compassionate care to help patients increase their independence and live a better quality of life. Curo Health Services was founded in 2010 and is based in Mooresville, North Carolina.

Buy $1.4B