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.

Medical Devices

TPG Growth raises stake in Bangalore-based Sutures India to 46%

Anuradha Verma 2 years ago

TPG Growth, the mid-market and growth equity platform of alternatives major TPG Capital, has increased its stake in Sutures India Pvt Ltd, Bangalore-based manufacturer of...

Healthcare Services

Temasek bets $25.7M in HealthCare Global; EILSF exits with 2.2x returns

Lohit Jagwani 4 years ago

Singapore’s sovereign wealth fund Temasek has invested Rs 140 crore ($25.7 million) to pick a stake in Bangalore-based HealthCare Global Enterprises (HCG). The investment, which...

Healthcare Services

TPG Growth picks stake in Sutures for $23.6M, eyes control deals in healthcare space

Lohit Jagwani 4 years ago

TPG Growth, the mid-market and growth equity platform of alternatives major TPG, is looking to step up its investments in the Indian healthcare sector after...