Warburg acquires majority stakes in Appasamy
Global private equity firm Warburg Pincus has purchased a majority stake in Chennai-based Appasamy Associates. Appasamy is India's largest maker of ophthalmic equipment and intraocular lenses (IOLs). As of now the financial details for the deals have not been shared by the firm.
Appasamy operates across the entire value chain of ophthalmic devices - diagnostic, surgical equipment, and IOLs. Post the deal the firm's CEO will continue to lead the business with support from promoter family.