British investor Apax Partners to acquire Healthium MedTech for $350 mn

Since 2007, Apax has invested $2 billion in India but has already returned over $2.5 billion in exits

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