Private equity (PE) firms are said to be in talks with medical device and technology provider Trivitron Healthcare to pick up a 10-12% stake in the company.
According to sources, Bain Capital, TPG and TA Associates are interested to buy the stake in the unlisted Trivitron. The company is likely to sell the stake for Rs 150 to Rs 200 crore, the sources said.
In response to an ET query, a company spokesperson said, “Trivitron group of companies as a policy would not like to comment as the information is based on speculations.” Headland Asian Ventures Fund and Eplanet Ventures had invested around $11 million in the company in 2007.
Ibankers said medical equipment makers are in demand among PEs, which are interested in picking up stakes in them because of higher margins, when profits of others have been squeezed. Trivitron recently bought a stake in Mumbai-based Kiran Medical Systems in a cash-and-stock deal.
Source: Economic Times