KKR (NYSE: KKR) is acquiring Bengaluru-based medical device maker Healthium Medtech Ltd. from private equity firm Apax Partners, in another example of India’s growing allure to global investors.
KKR intends to use a special purpose vehicle to buy a controlling stake, it said in a joint statement with Healthium and Apax. The investment will be made through KKR’s Asian Fund IV, according to a statement. The deal is expected to be completed in the third quarter of this year. Apax acquired Healthium in 2018. The medical device company says it has a presence in more than 90 countries and its products are used in one-in-five surgeries globally.