Mumbai, Dec. 8 -- Kuala Lumpur-based private equity firm Creador has acquired a 7% stake in La Renon Healthcare from the promoter and existing investor Peak XV Partners for an undisclosed sum, the companies said in a statement on Monday.

Creador's purchase of shares from Peak XV comes about a decade after the venture capital firm first invested in the company. While the promoter family continues to hold a controlling stake, the transaction marks Creador's continued focus on high-quality healthcare and pharmaceutical companies.

Its other investments in healthcare include Accumax Lab Devices and Paras Healthcare. "We are delighted to partner with Pankaj and the entire La Renon team as they enter their next phase of growth," said Anshul Ag...