In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation <\/strong><\/p>\n Economic sectors concerned <\/strong><\/p>\n Deadline for interested third parties to submit their observations <\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company \u201cHulk Asia Holdings II Pte. Ltd\u201d of the exclusive control of the company \u201cQuinag Acquisition (FDI) Limited\u201d from the sole shareholder, \u201cTummel Acquisition (FPI) Limited\u201d, through the acquisition of 100% of the share capital and the related voting rights.<\/p>\n \u201cHulk Asia Holdings II Pte. Ltd\u201d is an acquisition vehicle indirectly owned 100% by investment funds, vehicles, and\/or accounts advised and managed by various subsidiaries of \u201cKKR & Co. Inc\u201d (with its subsidiaries, \u201cKKR\u201d).<\/p>\n \u201cKKR\u201d is a global investment company that offers alternative asset management services as well as solutions related to capital and insurance markets. KKR oversees investment funds that invest in private equity, credit, and real assets and has strategic partners managing hedge funds.<\/p>\n \u201cQuinag Acquisition (FDI) Limited\u201d is a Mauritian company holding a majority stake in \u201cHealthium Medtech Limited\u201d and \u201cCareNow Lifesciences Private Limited\u201d.<\/p>\n \u201cHealthium Medtech Limited\u201d is an unlisted public medical devices company, headquartered in India, dedicated to the production, sale, and marketing of products used in surgical, post-surgical, and chronic care.<\/p>\n \u201cCareNow Lifesciences Private Limited\u201d is engaged in research, development, design, testing, manufacturing, and sale of over-the-counter infection control, personal care, and personal hygiene products.<\/p>\n <\/p>\n Done in Rabat, on June 6, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirer: The company \u201cHulk Asia Holdings II Pte. Ltd\u201d; The target: The company \u201cQuinag Acquisition (FDI) Limited\u201d. Nature of the operation Acquisition of exclusive control. Economic sectors concerned Surgical products. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. June 17, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company \u201cHulk Asia Holdings II Pte. Ltd\u201d of the exclusive control of the company \u201cQuinag Acquisition (FDI) Limited\u201d from the sole shareholder, \u201cTummel Acquisition (FPI) Limited\u201d, through the acquisition of 100% of the share capital and the related voting rights. \u201cHulk Asia Holdings II Pte. Ltd\u201d is an acquisition vehicle indirectly owned 100% by investment funds, vehicles, and\/or accounts advised and managed by various subsidiaries of \u201cKKR & Co. Inc\u201d (with its subsidiaries, \u201cKKR\u201d). \u201cKKR\u201d is a global investment company that offers alternative asset management services as well as solutions related to capital and insurance markets. KKR oversees investment funds that invest in private equity, credit, and real assets and has strategic partners managing hedge funds. \u201cQuinag Acquisition (FDI) Limited\u201d is a Mauritian company holding a majority stake in \u201cHealthium Medtech Limited\u201d and \u201cCareNow Lifesciences Private Limited\u201d. \u201cHealthium Medtech Limited\u201d is an unlisted public medical devices company, headquartered in India, dedicated to the production, sale, and marketing of products used in surgical, post-surgical, and chronic care. \u201cCareNow Lifesciences Private Limited\u201d is engaged in research, development, design, testing, manufacturing, and sale of over-the-counter infection control, personal care, and personal hygiene products. Done in Rabat, on June 6, 2024<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-41071","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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