ADIA Invests $200 Million in Micro Life Sciences

The UAE ‘s active sovereign investor Abu Dhabi Investment Authority (ADIA) on Monday said that one of its wholly owned subsidiaries has entered into definitive agreements to invest $200 million for an approximately 3% stake in Micro Life Sciences Private Limited (Meril), one of India’s leading medical devices companies.

This investment values Meril at an enterprise value of $6.6 billion. The transaction is subject to regulatory approval by the Competition Commission of India (CCI), ADIA said.

Headquartered in Vapi, India, Meril operates state-of-the-art, vertically integrated, and globally certified manufacturing and RCD facilities, across a 100-acre sustainable MedTech campus.

The company employs more than 13,000 people, has 35+ global subsidiaries, and serves healthcare systems in 150+ countries. Meril is committed to becoming the world’s leading MedTech company, powered 100% by green energy, reinforcing its commitment to sustainable innovation.

With a robust in-house global RCD ecosystem and a portfolio of 200+ technology platforms, Meril continues to lead in global clinical research and education.

Breakthrough innovations such as the Myval Transcatheter Heart Valve (THV) series, MyClip Transcatheter Edge-to-Edge Repair (TEER) system, and the MISSO Surgical Robotic System highlight Meril’s dedication to next-generation innovation. Through its 12+ global training academies, Meril empowers over 10,000 healthcare professionals annually.

Founded by the Bilakhia Group, Meril is a global innovator in medical technology (MedTech), with a strong focus on clinically advanced solutions across multiple specialties — including cardiovascular, structural heart, orthopaedics, endo-surgery, in-vitro diagnostics and surgical robotics.

ADIA’s Second Investment

This is the second investment made by ADIA in the less than a fortnight.

On July 9, ADIA said that of the Abu Dhabi Investment Authority (ADIA) has invested alongside private equity firm PAI Partners in the acquisition of a majority stake in Alvest, the world leader in airport Ground Support Equipment (GSE) full-lifecycle solutions.

Ardian retains a minority stake in Alvest, alongside the company’s founders and management team, who are significantly reinvesting as part of the transaction.

With a presence in airports for more than 70 years and headquartered in France, Alvest has grown to be the reference in GSE globally, providing high performance, innovative and sustainable solutions to the aviation industry.

With more than 4,000 employees and 11 industrial factories worldwide, Alvest serves customers in more than 170 countries, offering a broad range of GSE products and services including new equipment sales, integrated maintenance, leasing and decarbonisation solutions.

PAI and ADIA’s investment will support Alvest’s next phase of expansion and innovation, leveraging PAI’s deep expertise in the industrial goods and services sector. The investment will focus on enabling Alvest to accelerate the transition to electric GSE and continue growing its product and service offering, including automated or autonomous units, innovative decarbonisation solutions, resilient servicing activities, fleet management systems and maintenance services.

ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.