TPG invests $23 million in Indian medical consumables firm
Sep 16 2013 , Mumbai
Bangalore-based Sutures manufactures and supplies surgical sutures, meshes, tapes and gloves to hospitals in India. It also exports to countries in Asia, Europe, Africa and South America.
TPG did not disclose how much stake it would take in Sutures India.
TPG Growth, which manages assets worth $3.5 billion globally, has focused on the healthcare, financial services, consumer and retail sectors in India.