M&A

M&A

Healthium Medtech to sell UK unit Clinisupplies to KKR

Press Release  

Bengaluru-based Healthium Medtech is to sell its UK-based subsidiary, Clinisupplies to global PE firm KKR's unit, KKR Health Care Strategic Growth Fund II. Clinisupplies manufactures and distributes continence care products, including urinary collecting devices and catheters. Clinisupplies' products are supplied to hospitals and pharmacies, while also available for delivery to patients directly through its home delivery services. Headquartered in Watford, London, Clinisupplies employs over 400. KKR was advised by Houlihan Lokey (financial advisor), Gibson, Dunn & Crutcher LLP (legal counsel), PWC (financial & tax) and BCG (commercial).

From the Venture Intelligence PE-VC Deal Database: In Aug-18, Apax Partners had acquired close to 100% stake in Healthium MedTech (formerly Sutures India) for USD 300 million, from existing shareholders including TPG Growth, CX Partners and the company’s founders. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)