PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

CBC Group considering sale of medical device maker

Healthcare focussed private investment firm CBC Group is considering selling its controlling stake in Anrei Medical (hz) Co, a China-based manufacturer of medical devices for minimally invasive surgery, in a deal that could be worth up to $737 million, according to a report by Bloomberg.

Healthcare focussed private investment firm CBC Group is considering selling its controlling stake in Anrei Medical (hz) Co, a China-based manufacturer of medical devices for minimally invasive surgery, in a deal that could be worth up to RMB5 billion ($737 million), according to a report by Bloomberg.

While proceedings are said to be at an early stage and may not lead to a deal being concluded, Singapore-based CBC Group is reportedly working with an advisor over a potential divestment of the holding it acquired in 2016.

In July 2020, Andrei Medical completed a pre-initial public offering funding round at a blended valuation of about RMB1.7 billion backed by GL Capital and CICC Capital, according to a press statement release at the time.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured