KKR announced today that it has signed definitive agreements to acquire Healthium Medtech from Apax Partners LLP ('Apax'), the world's leading private equity firm.

The acquisition will be carried out by a special purpose vehicle owned by funds managed by KKR, which will acquire a majority stake in the Healthium group, including Healthium.

Founded in India in 1992, Healthium is a medical device company that develops, manufactures and sells a wide range of surgical products worldwide.

Apax Funds acquired Healthium in 2018 and transformed the company from a national suture player into a global leader in medical devices.

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