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.
