KKR, TPG in talks to invest in Relisys for majority stake

Global private equity firms KKR and TPG have begun talks to acquire a controlling stake in Hyderabad-based Relisys Medical Devices, two people familiar with the matter said.

- Priyamvada C. & Ranjani Raghavan

Global private equity firms KKR and TPG have begun talks to acquire a controlling stake in Hyderabad-based Relisys Medical Devices, two people familiar with the matter said. The company's shareholders are looking at raising ₹1,200-1,300 crore from the transaction, in which existing investor Siguler Guff may sell some or all of its stake.

"While TPG is evaluating the company to strengthen its portfolio, KKR is in discussions with the medical devices maker to build out its med-tech platform under which it acquired Healthium Medtech last year from Apax Funds," one of the people cited above said on the condition of anonymity.

TPG, too, may look at developing a med-tech platform of its own, the person added.