Other Private Equity/Strategic Investments
Warburg, Bain, TA Associates, CVC Capital explore 25% stake-buy in Agappe Diagnostics for Rs.750-Cr
Global private equity firms Warburg Pincus, TA Associates, Bain Capital, and CVC Capital are in talks to acquire approximately a 25% stake in the Kochi-based Agappe Diagnostics . The proposed transaction is expected to involve a mix of a primary capital infusion and a secondary sale by existing investors, with a total deal value estimated between INR 700-Cr and INR 750-Cr. The transaction is projected to value the firm at between INR 3,000-Cr and INR 3,200-Cr. Alvarez & Marsal is advising the promoters for this transaction.Founded in 1994, Agappe Diagnostics develops and manufactures diagnostic reagents and equipment for the in vitro diagnostics (IVD) market. Its product range includes clinical chemistry, haematology, and immunochemistry products, which are supplied to over 70,000 laboratories across more than 90 countries. The firm also operates a subsidiary in Switzerland and serves as the exclusive Indian distributor for medical technology companies including Toshiba Medical Systems Corporation, Mindray, and i-SENS.
In Aug 2015, Agappe Diagnostics had attracted about $ 6.8 M from Konark Capital.For FY25, Agappe Diagnostics had reported about INR 517 Cr in Operating Income and about INR 31 Cr in PAT.
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