LHi Technology
- Sector Healthcare
- Year invested 2008
- Location Singapore
- Status Realised
LHI Technology is a manufacturer of medical cables with offices in China, Singapore, the US, and Germany. The company’s complex products are used in challenging environments to provide real time information for patients; only a handful of players globally have this capability
Overview
During our ownership, the company evolved from a business focused predominantly on blood oxygen monitoring into one offering more technically demanding and higher performance products, including ECG and ultrasound cables and cables for surgical and video endoscopy applications, including ultrasound.
Working with management, we implemented several operational improvements, including increasing the company’s technical capabilities and optimising key costs.
How we added value
- Implemented several strategies to drive growth, invested in technical capabilities, developed succession plan and optimised cost in freight and distribution
- Significantly diversified both the product range and customer base
- Numerous award wins including the GE Innovation award in 2012 for outstanding performance in quality, delivery and cost reduction
- Introduced a seasoned industry executive, Al Bautista, as Chair
3i’s comprehensive knowledge and network in the healthcare industry gave LHi an increased scope and expansion possibilities that we never had before.
Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Singapore.