(MENAFN) Arcapita, an investment management firm headquartered in Bahrain, said its Arcapita Ventures I has recently sold USD450 million-worth medical device firm CardioMEMS, according to Arabian Busines
CardioMEMS has been sold to the US-based St Jude Medical, which had previously invested USD60 million for a 19 percent shareholding of the compan
It has now exercised an exclusive option to purchase the remaining 81 percent of the company, in a transaction valued in excess of USD450 million
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.