PE Fund Investments
Warburg Pincus acquires ophthalmic devices maker Appasamy Associates
Global investor Warburg Pincus has acquired a majority stake in Appasamy Associates Pvt Ltd , a Chennai-based manufacturer of ophthalmic equipment and devices. This is the private equity firm's largest investment in the healthcare industry in India.Established in 1978, Appasamy manufactures and distributes ophthalmic diagnostic equipment and surgical systems, microscopes, ophthalmic lasers, intraocular lenses, surgical instruments and pharmaceuticals. It has manufacturing facilities in Chennai, Pondicherry, Kolkata and Baddi (Himachal Pradesh).Senthil Kumar, the newly appointed chief executive officer (CEO) of Appasamy, will continue to guide the operations with the help of the promoter family.
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