KKR to acquire Healthium Medtech, terms undisclosed

KKR announced the signing of definitive agreements under which funds managed by KKR will acquire Healthium Medtech from an affiliate of Funds advised by Apax, a global private equity advisory firm. The acquisition will be made by a special purpose vehicle owned by KKR-managed funds which will acquire a controlling interest in Healthium group, including Healthium. Founded in India in 1992, Healthium is a medical devices company that develops, manufactures and sells a broad range of surgical products globally. The Apax Funds acquired Healthium in 2018. During this period, Healthium expanded its presence from 50 countries to more than 90. KKR makes its investment from its Asian Fund IV. The transaction is subject to receipt of certain regulatory approvals and is expected to close in the third quarter of 2024. Financial details were not disclosed.