EILSF exits Sutures India with 3.2x returns as CX Partners buys stake for $37M
Life Sciences-focused private equity fund EILSF (Evolvence India Life Sciences Fund) has exited Sutures India Private Limited with cash on cash returns of 3.2x on its three-year-old investment, according to a top official. EILSF sold its stake to CX Partners, which recently concluded a transaction to invest $37 million the Bangalore-based firm specialising in the manufacture of surgical consumables.
For EILSF, the most prolific investor in India's life sciences and healthcare sector, this will be its debut exit. And it expects to see more in the coming months. "The fund has few more exits in the pipeline and expects to...
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