Warburg Pincus Acquires Stake in Appasamy Associates
April 10, 2024
Warburg Pincus has acquired a minority stake in Appasamy Associates Pvt. Ltd., the largest Indian manufacturer of ophthalmic equipment and intraocular lenses, to support the company's next phase of growth. Headquartered in Chennai and led by CEO Senthil Kumar alongside the promoter families, Appasamy will use the investment to scale product innovation, manufacturing and export expansion.
- Buyers
- Warburg Pincus
- Targets
- Appasamy Associates Pvt. Ltd.
- Sellers
- Five founding families (promoters)
- Industry
- Medical Devices
- Location
- Tamil Nadu, India
- Transaction Type
- Growth capital
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