Structural factors, such as ageing populations, the increasing prevalence of chronic diseases – as well as the emergence of new technologies – are transforming the industry, everywhere. By building global bench strength fuelled by local experts, the Apax healthcare team unifies macro and micro perspective to support businesses both at a local level and internationally.

AGA’s Invested Portfolio
as at 31/03/2024
core sub-sectors

Medical technology

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Particular focus on specialty pharmaceuticals and generics, helping grow local businesses into pan-European platforms and Over-The-Counter, both in B2C and B2B.

Healthcare services

Pursuing opportunities around the provision of care alongside companies that provide services to providers and payors.


  • Healthcare
  • Fund
    Apax IX
  • % of Nav
  • Entry year
  • Current valuation
  • Geography
    North America

Candela is a leading US-based global medical aesthetic device company. Its technologies enable physicians to provide advanced energy-based solutions for a broad range of medical-aesthetic applications including treatment of benign vascular and pigmented lesions, scar revision, wrinkle reduction, acne, cellulite reduction, body shaping, and tattoo and hair removal.