Global private equity major Warburg Pincus, through its affiliate South Elm Investments B. V., has signed a definitive agreement to invest $210 million for a minority stake in Micro Life Sciences Private Limited, the parent organization of Meril group of companies.

The company currently has approximately 4,000 employees and business in over 100 countries. We are excited by Meril’s compelling growth story and believe the company stands to benefit from the secular tailwinds of healthcare in India, realizing the potential of a strong pipeline of market-defining products and expansion into global markets,” said Narendra Ostawal, Managing Director, Warburg Pincus India. The firm has more than $73 billion in private equity assets under management.

Warburg Pincus To Invest $210M In Indian Medical Device Maker Meril

Warburg Pincus To Invest $210M In Indian Medical Device Maker Meril

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