TPG is leading the race to acquire a significant share in a medical devices manufacturing company
In a significant development, American private equity firm TPG is reportedly set to acquire a majority stake in Relisys Medical Devices, a leading local medical devices manufacturer in India. This news, which emerged in late July 2025, comes from people familiar with the development.
While there are also early-stage discussions about TPG potentially acquiring a majority stake in Sensa Core Medical Instrumentation, a Hyderabad-based Indian medical device manufacturer, the more direct and confirmed mention is of Relisys Medical Devices.
Meanwhile, in a separate development, the Securities and Exchange Board of India (SEBI) has proposed an overhaul of the Initial Public Offering (IPO) structure for large issues. The context of this proposal does not specify whether it is a new or ongoing one. Notably, the National Securities Depository Limited's (NSDL) IPO, worth $458 million, was fully sold within hours of its launch.
Elsewhere, a Real Estate Investment Trust (REIT) backed by Blackstone has attracted key investments from family offices and insurers before its IPO.
In another business move, the Mohandas Pai family office is aiming for a potential multibagger exit. TPG, earlier this year, acquired a 35% stake in a pharmaceutical packaging firm, but the name of the firm is not disclosed in the text.
On a global scale, funding news is coming in from various regions. The MENA Digest reports funding for Libya's Mataa, Saudi firm Calo, and Jordan's Olivery.
As the TPG acquisition of a local medical devices manufacturer unfolds, the potential impact of the SEBI's proposed overhaul on the deal remains to be seen. More updates on this developing story are expected in the coming days.
The TPG acquisition of Relisys Medical Devices, a leading Indian medical devices manufacturer, highlights the growing interest of private equity firms in the health-and-wellness sector. In a related financial development, the Securities and Exchange Board of India's (SEBI) proposed overhaul of the Initial Public Offering (IPO) structure could potentially influence such deals in the future.
