Investment banks JP Morgan and Avendus Capital are the sell-side advisors on the proposed transaction which is in due diligence stage
Puri will partner with Anurag Sud, Head of Apax India and the ten-strong India investment team, providing mentorship, strategic advice, operational input, and advice in assessing new investment opportunities
In 2018, British private equity firm Apax Partners acquired Bengaluru based Healthium Medtech (earlier known as Sutures India Pvt Ltd) from investors including TPG Growth and CX Partners
The transaction is likely to be upwards of Rs 6,000 crore which is almost a three-fold jump in valuation from the acquisition price that Apax Partners paid while acquiring the company in 2018 from TPG Capital.
The proposed combination relates to the acquisition of approximately 30 percent of the issued share capital on a fully diluted basis of IBS Software Pte Ltd from Techware Singapore Holdings Pte Ltd, a portfolio company of Blackstone Inc by Pelipper HoldCo SARL, according to an official release.
Private equity firm Apax Partners LLP sold half its stake in Apollo Hospitals Enterprise Ltd , India's largest hospital chain, to Oppenheimer Funds Inc for about Rs 523 crore.
Shares in Apollo Hospitals Enterprise fell as much as 11.4% in opening trade a day after a source said brokerage CLSA is selling its stake for USD 135 million.
iGate is likely to accept the Patni delisting offer, reports CNBC-TV18 quoting sources.
Kinetic Concepts Inc, a maker of medical devices used in wound care, agreed to a USD 5 billion cash buyout from private equity firm Apax Partners and two leading Canadian pension funds.
Apax Partners is expected to throw its weight behind one of the bidders who will be interested in buying some brands of Henkel India, primarily in the laundry and personal care segments, reports Business Standard.