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New Deal


Announced

Completed

KKR and Namal Nawana formed Sapphiros.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Joint Venture

Acquisition

Completed

Majority

diagnostic technologies

Private

Domestic

Single Bidder

United States

Synopsis

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KKR, a global investment firm, and Namal Nawana, the former CEO of both Smith & Nephew and Alere, formed Sapphiros, a platform to build the next generation of diagnostic technologies. Financial terms were not disclosed. “Over the past several years, we have admired Namal’s strategic and operational talents, as well as his entrepreneurial instincts. We look forward to working together to support innovative diagnostic technologies for the tangible benefit of patients globally,” Ali Satvat, KKR Global Head of Health Care Strategic Growth and Co-Head of Americas Health Care Private Equity.

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