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Private equity funds (PE) Bain Capital, Partners Group, Advent International Corp and Carlyle Group are competing to acquire Sutures India Pvt. Ltd, which is a surgical equipment maker in a deal worth approx USD 425 million (Rs 2,740 crore).
At present, TPG Growth owns approx 73% in Sutures India, while CX Partners holds 12% and the remaining is held by promoters.
The PE investors will completely exit from the company, while the promoters are planning to retain their stake in company.
