Investment Summary

OrbiMed Advisors Invests In Suraksha Diagnostics

On June 10, 2016, private equity firm OrbiMed Advisors invested in healthcare services company Suraksha Diagnostics from Lighthouse

Investment Highlights
  • This is OrbiMed Advisors’ 1st transaction in the Healthcare Services sector.
  • This is OrbiMed Advisors’ 1st transaction in India.

Investment Summary

Date 2016-06-10
Target Suraksha Diagnostics
Sector Healthcare Services
Investor(s) OrbiMed Advisors
Sellers(s) Lighthouse
Deal Type Stake Purchase

Target

Suraksha Diagnostics

Kolkata, India
Suraksha Diagnostics is a provider of diagnostic services. It’s offerings include a wide range of diagnostic services spread across pathology, radiology, neurology, cardiology and gastroenterology tests. Suraksha Diagnostics was founded in 1992 and is based in Kolkata, India.

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Investor(S) 1

Investor

OrbiMed Advisors

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B USD
Size Large
Type Sector Focused
DESCRIPTION

OrbiMed Advisors is a global healthcare centric investment firm that invests in medical device, life science, healthcare service, and medical diagnostic companies. OrbiMed maintains three investment disciplines including Public Equity, Private Equity, and Royalty Opportunities. OrbiMed's Public Equity group manages a series of public equity funds, including long/short event-driven funds and closed-end investment trusts that invests across all types of publicly-traded companies, from biopharmaceuticals to medical devices and healthcare services worldwide. OrbiMed's Private Equity group invests in start-ups through growth equity financings. OrbiMed prefers to be the lead investor and will consider opportunities across North America, Asia, Europe and Israel. OrbiMed's Royalty practice provides commercial-stage healthcare companies with non-dilutive structured debt capital. OrbiMed was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector: Healthcare Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 GENEWIZ

South Plainfield, New Jersey, United States

GENEWIZ, Inc. is a provider of R&D genomics services that enable research scientists within pharmaceutical, biotechnology, agriculture, environmental and clean energy, academic, and government institutions to advance their discoveries. GENEWIZ, Inc. was founded in 1999 and is based in South Plainfield, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Echosens

Paris, France

Echosens is a specialized diagnostic company providing non-invasive medical devices and services to support physicians in their diagnostic and monitoring of chronic liver diseases. Echosens was founded in 2001 and is based in Paris, France.

Sell -

Seller(S) 1

SELLER

Lighthouse

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lighthouse Advisors is a private equity group focused on investing in middle-market growth companies in the US and India. Lighthouse will consider profitable businesses in a broad range of industries, looking to commit $5 to $20 million of equity per investment. The Firm targets situations where existing management is looking to grow or there is a long-term sustainable advantage in place. Lighthouse was formed in 2006 and is based in Mumbai.


DEAL STATS #
Overall 3 of 6
Sector: Healthcare Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 3 of 6
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Fabindia

New Delhi, India

Fabindia operates a chain of retail stores. It offers kurtis and kurtas, tops and shirts, dupattas, stoles, shawls, salwars, churidars, saris, pants and capris, and bags and jewelry for women; tunics and kurtas, shirts, pyjamas and churidars, jackets, and ties for men; and apparel for boys and girls. Fabindia was founded in 1960 and is based in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-16 V2 Retail

Gurugram, India

V2 Retail is a retail group that offers a portfolio of products, including apparel and non-apparel. The company sells readymade, apparel, household merchandise, and other consumer goods like footwear, toys, games, handbags, fragrances, cosmetics, home furnishing, décor products, sports items crockery, novelties, and gifts. V2 Retail was founded in 2001 and is based in Gurugram, India.

Buy -