Temasek joins PE giants in bidding war for minority stake in Romsons Group
Mumbai: Singapore’s sovereign reserve fund Temasek participated in a race to get a minority stake in Romsons Group and an agreement expected to value the medical device manufacturer La1,500 crore, three familiar with the issue.
Private capital companies such as Warburg Pincus and Ta Assocates are also in the fight India Times Reported last month. If the agreement occurs, this company will be the first external capital tour and mark one of the biggest agreements in the field. Contacts refused to comment, the e -mails sent to Romons on Thursday did not respond until the press time.
Founded by Ram Lal Khanna in 1952, Romsons’s goal was to switch from old glass medical devices to disposable medical and surgical devices. With more than 70 years of production, the company has a wide range of product portfolio covering baby and main care products such as adult diapers, incontinence pads and underpads, baby handkerchiefs, baby mats and breast pumps.
In health services, other products, as well as BP monitors, hot and cold packages, blood sugar meters and nebulizers. Beyond its domestic presence, AGRA -based Romons also has a strong export business and sends its products to more than 75 countries, including the official website, including the US, Singapore, Sri Lanka, Africa and the Middle East.
Romons’s total income in FY24 marginalized La875.09 CRORE La834.94 Crore a year ago. Net profit has also increased La140 CRORE, La23 In financial years, 115 Crore showed files supplied by Tofler.
Health game
Last year, Temasek also evaluated a significant minority stake of Tynor Orthotics, a Punjab -based medical equipment manufacturer. However, the agreement was waiting for the agreement and at the beginning of this year, majority was restarted for shares sales. Mint Reported in August.
In July, the Manipal Hospitals with contact-supported manipal hospitals acquired a majority share of approximately 750-760 million dollars to the chain at the Pune-based Sahyadri hospitals from Ontario Teachers’ Pension Plan. The investment branch of the Singapore government purchased approximately 20% share in the Bengaluru -based Cloudnine hospitals last year for about $ 125 million for about 125 million dollars.
Indian Health and Medtech ecosystem has seen the interest and consolidation of the enormous investor in recent years. In 2024, the KKR won an offer war to buy Health from APAX Partners, while Warburg Pincus ophthalmic equipment manufacturer Appasamy Associates invested over $ 300 million.
Morgan Stanley Private Capital Asia Investment LaMaiva Pharma, an injectable manufacturer, invested 200 million dollars in Micro Life Sciences PVT Ltd. Other operations include SMT and Everstone Capital’s investment of SMT and Everstone Capital, the STENT manufacturer of Samara Capital.
According to last year’s report, the Indian Medtech market, which is worth 12 billion dollars in 2023-24, is expected to rise to $ 50 billion in the next six years. In the report, increasing income levels, expansion of the scope of health insurance, expansion of the scope of health insurance and other factors, as well as other factors, creates parallel demand flows for both affordable and innovative medical devices.
