Healthcare & Life Sciences
Agappe Diagnostics raised private equity from Konark Capital
About
Agappe Diagnostics Pvt. Ltd.
Agappe Diagnostics, head quartered in Kochi, India is one of the forerunners in the Indian diagnostics industry with focus on research and development in the in-vitro diagnostics (IVD) .The company offers both equipment and reagents for the key segments in IVD and is a leader in the clinical chemistry segment in India. It has a strong distribution network & good brand recall across India and many other countries. Agappe has won numerous awards for its breakthrough product innovations.
Konark Capital Partners
Konark Capital Partners Limited (“KCPL”) is an investment manager for Sycamore Holdings Ltd., a company incorporated under the laws of Mauritius. Konark Capital Partners focuses on providing growth capital in sectors such as consumer products, logistics, education, healthcare and real estate amongst others.
Background
We are pleased to announce that Konark Capital through their investment arm Sycamore holdings acquired a minority stake in our client Agappe Diagnostics Ltd., one of the fast growing companies in the Indian diagnostics industry.
Veda Corporate Advisors (“VedaCorp”) was the exclusive advisor to Agappe; VedaCorp provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning, valuation and transaction structuring, assistance in due diligence, negotiation and finalization of definitive agreements, leading to the successful closure of the transaction