APAX GROUP
Mankind Pharma scouts for M&A deals to boost local branded biz
Mankind Pharma, the fourth-largest pharmaceutical company in India, led by Rajeev Juneja, is seeking mergers, acquisitions, and in-licensing deals to enhance its branded formulation business.
KKR in talks to buy into healthcare BPO company Infinx
Launched in 2012 as Tandon Information Solutions, Infinx is also into medical transcription, eligibility and benefit verification, complete medical billing, medical coding (across specialty) and comprehensive account receivable management services.
KKR acquires Healthium from Apax Partners for Rs 7,000 cr
KKR acquired Healthium Medtech Ltd., a leading Indian medical devices company, from Apax Partners. The deal, valued at approximately Rs 7000 crore, involves a special purpose vehicle owned by KKR-managed funds gaining control of Healthium. Healthium, the fourth-largest surgical suture manufacturer globally, maintains a strong presence in India and abroad, with KKR aiming to leverage its expertise to further expand its reach
KKR to buy Healthium Medtech for Rs 7000 cr from Apax
Binding agreement signed; formal announcement by early next week, pips rival bidders Mankind Pharma-Chrys Cap Healthium is the largest manufacturer of surgical needles globally by volume.
Has the luxury e-commerce bubble burst?
More brands and more products in more geographical regions. More sales. Beyond the eye-watering spending required to build the infrastructure to ship all those orders and process all those free returns, it was a model that undercut much of what had appealed to consumers in the first place.
Apax initiates sale of Healthium Medtech
The British private equity firm Apax Partners has initiated the sale process for Healthium Medtech, India's largest surgical sutures manufacturer. The proposed sale is expected to value the company at ₹6,500-₹7,000 crore ($850 million). Healthium, formerly known as Sutures India, is the fourth-largest surgical suture manufacturer globally and the second-largest in India.
- Go To Page 1
PE veteran Shashank Singh quits Apax Partners
Singh will be moving permanently to London, the sources added. He joined Apax in 2004 in its London office and moved to the India office in 2007 and took charge after Neeraj Bharadwaj left the firm for Carlyle Group in 2013.
Apax leads race for $450-$500M stake buy in IBS
Apax is believed to have offered $450-$500 million for the stake, valuing IBS Software at $1.4-$1.5 billion, they said. JP Morgan is advising Blackstone to find a buyer for its stake. Apax, CVC Capital and Thomas H Lee Partners had been shortlisted for the stake sale, ET reported on April 12.
Apax, CVC Capital, TH Lee bid for Blackstone's 32% stake in IBS Software
This proposed transaction is likely to value IBS Software at $1.5 billion. JP Morgan is advising Blackstone to find a buyer for its stake. The deal is expected to get signed by the end of April, sources said.
Apax Partners set to buy up to 40% stake in engineering firm Quest Global
Apax is looking to acquire up to 40% stake primarily from the two existing investors - Advent International and Bain Capital - valuing the company at $2.1 billion. The two funds together own around 33% of the company. Singapore's investment firm GIC, which also owns a small 2-3% stake in the company, may also tag along. Some of the co-founders and management, too, are open to dilution.
Apax Partners likely to sell its entire stake in Shriram Fin via block deal
Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company
Apax, TA, Carlyle shortlisted for likely $1 billion Quest Global deal
One more global private equity fund might also make the cut as existing investors Advent International and Bain Capital, which together own around 33% of the company, are looking to monetise their five-year-old investment. Singapore's investment firm GIC, which owns a small 2-3% stake in the company, may also sell its stake, the sources mentioned above said.
Shriram Group likely to submit EoI for IDBI Bank
While talks to form a consortium with financial investors are also underway, Shriram has not reached a mutually acceptable commercial arrangement with investors that may want to join its consortium. If a consortium is formed, the non-bank lender will be the lead member.
Bain & Able: PE edges past rivals for CitiusTech stake
If successful, this would be the second investment by the Boston-headquartered PE group in as many months in India, after having bought into IIFL Wealth end-March. In the last fiscal year, it missed out on as many as five transactions, coming in a close second.
Fractal AI turns unicorn with $360 million funding from TPG
The transaction is a mix of primary investment and secondary share purchase from funds advised by Apax Partners. The British private equity firm will remain a majority shareholder in Fractal AI.
Infogain to tap into opportunities through PE network of APAX Partners
Infogain is already in preliminary talks with a few companies, said chief executive Ayan Mukerji. The firm is focusing on digital innovation, platform innovation and platform foundation, and on creating human-centric solutions.
Private equity fund Apax to acquire US digital platform Infogain
The deal where Apax will buy about 70% stake, values Infogain at about $570 million. Homegrown PE fund Chryscap owns a controlling stake in Infogain.
Major PEs in race to invest in Hinduja healthcare BPO
The transaction is likely to value the healthcare vertical, which contributes to nearly 55% of HGS’s revenues, at $600-700 million as auto-to-healthcare conglomerate Hinduja Group is looking for a major value-unlocking exercise in its technology unit, the sources said.
Apax Partners to buy software business of 3i Infotech for Rs 1,000 crore
The transaction will help pay out the Rs 800 crore debt that the company had amassed due to misguided acquisitions that eventually took the company into corporate debt restructuring between 2012 and 2016.
Fractal Analytics looks to answer vaccine concerns with data modelling
While governments across the world are strategizing to solve challenges like procurement, distribution and storage of vaccines, they are also looking at addressing resistance from anti-vaxxers and questions on the effectiveness and side effects of the vaccination. Fractal expects states in India too face similar challenges once they start the vaccination process.
Apax, KKR and PAG in final lap for JB Chemicals buyout
JB Chemicals has a market cap of Rs 5,568 crore. During the last three months, shares of JB Chemicals have gone up 26% on BSE. On Wednesday, JB Chemicals shares went up about 2% to touch at Rs 694 on BSE.
Apax Partners, other PEs in talks to buy CSS
A clutch of private equity funds, including Apax Partners and Kedaara Capital, are in early stages of discussions to acquire US-headquartered IT and services (ITES) company CSS Corp.
PEs in talks for Emcure stake; promoters eye $2 billion valuation
JM Financial is advising the company for the stake sale.
KKR, Apax Partners in race to buy significant stake in CCD
KKR and Apax Partners are now conducting due diligence of the coffee chain as they are the only ones left in the race for stake in CCD. "After an analysis, the company (CDEL) had arrived at an amount that needs to be invested if CCD were to survive and those who opted out were not willing to commit the requisite amount," said a person involved.
Oyo, Apax join race for significant stake in CCD
The company in August had launched a coffee chain – The French Press. SoftBank-backed Oyo is looking to expand in the café business for some time, and CCD’s already established outlets across 200 cities could be a major boost. Oyo is the only strategic investor — in a similar line of business — to have submitted a bid.
Apax pumps in $200 mn in AI company Fractal Analytics
The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.
Big buyout firms in talks to pick stake in Edelweiss unit
The firm plans to sell about 20-25% in Edelweiss Global Wealth and Asset Management.
7 bidders in race for $2.3 billion PNB Housing finance buyout
The bids, which are likely to be opened later this week, may have come at a 10-12% premium to prevailing share price.
Apax Partners sells stake in GlobalLogic, values firm at $2 billion
Canada Pension Plan Investment Board (CPPIB), which acquired 48% in GlobalLogic in April 2017 will continue to remain invested in the US company.
Load More
