AGIC Capital (AGIC), a growth-oriented European-Asian private equity firm with $2.2bn of assets under management, has made a growth investment in Singapore-headquartered AP Technologies (AP Tech), an emerging medical device contract manufacturer.
Founded in 2013, AP Tech is a medical tubing and catheter contract manufacturer specialising in the design, development, and production of complex medical extrusions and interventional catheters. The company serves a number of blue-chip customers in the area of diagnostics, interventional cardiology, neurology and diabetic care.
Financial terms of the investment, which marks AGIC’s first transaction in Asia form the firm’s Fund II, have not been disclosed.
