Kedaara leads race to acquire Tynor Ortho

Private equity firm Kedaara Capital has emerged as the front-runner to acquire a majority stake in Tynor Orthotics, the Mohali-based manufacturer of fracture aids and body braces, three people familiar with the matter said.

- Priyamvada C & Sneha Shah

"The transaction values the overall company at about ₹3,500-4,000 crore, with existing investor Lighthouse Funds and the promoters set to offload a total of about 60% of their holding," one of the three people said. A second person confirmed the matter, adding this will largely be a secondary transaction.

The transaction underlines increasing investor interest in fast-growing consumer-facing healthcare companies, backed by rising insurance penetration, improving affordability and more patients turning to medical devices.

In August, Mint reported that Tynor had reopened talks and appointed 03 Capital to help with the mandate, after discussions with Temasek for a significant minority stake were suspended in 2024.