LeapFrog Takes Majority Stake in India’s Ascent Meditech
Thursday, July 19, 2018
By Sarah Syed and Michael Hyetha
LeapFrog Investments, an emerging markets-focused private equity firm, has acquired a majority stake in the Indian health products company Ascent Meditech Ltd.
Ascent Meditech’s orthopedics, pain and wound-care products are exported to 40 countries in Asia, Africa and the Middle East and its flagship Flamingo brand is available in more than 44 nations worldwide, according to an emailed statement from LeapFrog. Financial terms of LeapFrog’s investment weren’t disclosed.
Photo courtesy of Keoni Cabral.
Source: Bloomberg (link opens in a new window)
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