Brussels, 3 August 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of CitiusTech Healthcare B.V. of the Netherlands (‘CitiusTech’), by Bain Capital Investors L.L.C. of the US, and Baring Private Equity Asia (‘BPEA’) of Hong Kong and Singapore. CitiusTech is the holding company of CitiusTech Healthcare Technology Private Limited, an India-based healthcare technology services and solutions provider. Bain Capital is a private equity investment firm that invests in companies across a number of industries. BPEA is an Asian private firm managing a private equity investment program. The Commission concluded that the proposed acquisition would raise no competition concerns, given CitiusTech limited actual or foreseen activities in the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10784.
Source – EU Commission