August Equity has completed the sale of InterMed Holdings Ltd, a UK manufacturer of anaesthesia equipment, to Altaris Capital Partners for £27.5m. The purchaser is a New York-based private equity firm focused exclusively on the healthcare industry.
Company will use the capital to expand in the North American, EU, and Asia-Pacific markets
Acquisition of IT service is subject to approval from the German competition authority
GP intends to bolster Bindi's growth both organically and via new acquisitions in Italy and abroad
Deal marks the seventh add-on acquisition since Triton bought AVS from Borromin Capital in 2013