Apax Global Alpha Ltd on Tuesday said that an affiliate of the Apax IX fund will sell its controlling interest in Healthium MedTech Ltd.

Apax Global Alpha is a London-based investment trust. It is a limited partner of the Apax IX fund.

AGA said that the deal values its look-through investment in Healthium at around €22.7 million, a 23% increase to the last unaffected valuation and an uplift of €4.3 million in the adjusted net asset value of AGA at March 31.

Healthium is a Bangalore, India-based medical devices company.

Shares in Apax Global Alpha were down 0.6% at 148.80 pence per share on Tuesday morning.

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