TPG Capital is planning to sell a controlling stake in Healthium Medtech, the medical products maker formerly known as Sutures India. American private equity fund TPG Capital, which holds a 73% stake in the company through TPG Growth, is planning to sell a controlling stake in the medical products maker, earlier known as Sutures India. A later report in VCCircle said the private equity firm is looking to sell a controlling stake. Besides TPG, domestic private equity fund CX Partners holds a 12% stake, while the rest is held by individual investors. In 2009, it raised its first round of private equity from Evolvence India Life Sciences Fund.

Source: Mint August 20, 2017 20:48 UTC