Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings Ltd, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will...
Healthcare
Honasa Consumer acquires majority stake in skincare brand Dr. Sheth’s
Honasa Consumer Pvt Ltd (HCPL), the company which owns new age FMCG brands such as Mamaearth and The Derma Co, on Monday said it has acquired a majority stake in skincare brand Dr. Sheth’s at a valuation of Rs 28...
Eye care chain Dr Agarwal’s raises Rs 1,050 cr from TPG Growth, Temasek
Dr. Agarwal’s Health Care that operates a chain of eye hospitals on Tuesday said it has raised 1050 crore funding from the US-based private equity firm TPG Growth and existing Singapore based investor Temasek. The...
Centene to divest two pharmacy businesses for $2.8 bln after legal woes
Centene Corp said it has agreed to divest two of its pharmacy businesses for about $2.8 billion, in line with the heath insurer’s strategy to exit the pharmacy benefit management space. In 2021, Centene had to...
Global buyout funds in the fray to buy into ASG Eye Hospitals
Top buyout funds General Atlantic, TA Associates and KKR are the contenders to acquire a significant stake in ASG Eye Hospitals, the largest eye care hospital chain in India, two people aware of the development told ET...
Eris Lifesciences Steps In Dermatology Therapy Biz, To Buy Oaknet Healthcare For ₹650 Cr
Eris Lifesciences has stepped into the dermatology therapy business through its acquisition of a 100% stake in Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare. The transaction values to...
Bain & Able: PE edges past rivals for CitiusTech stake
Bain Capital has pipped private equity rival Apax Partners and Fujitsu of Japan to emerge as the frontrunner to buy a 40% stake in CitiusTech for $960 million to $1 billion, as Baring Private Equity Asia (BPEA) is...
Tata Capital’s Fund Keen On Aarthi Stake
The healthcare fund of private equity firm Tata Capital Ltd is in talks to invest in a Chennai-based diagnostics company as it seeks to boost its exposure to the sector, a person familiar with the development said. Tata...
All Blue Capital in $773 mln bid for Zymeworks
Investment firm All Blue Capital has approached Zymeworks Inc, a developer of antibody therapies for cancer, with a $773 million acquisition offer. In a regulatory filing late on Thursday, All Blue said it had made a...
Largest cross-border M&A for Mukesh Ambani in the making
The private equity group that beat Reliance Industries in its biggest overseas bet ever, may turn out to be a strategic ally as Mukesh Ambani has sets his aim on another marque multi-billion dollar cross border buyout...
KKR-led group offers record $14.8 bln bid for Australia’s Ramsay Health
A group led by KKR & Co (KKR.N) made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd (RHC.AX) on Wednesday, underlining buyout funds’ appetite for healthcare assets and pushing the Australian...
KKR leads record $14.8 bln bid for Australia’s Ramsay Health Care
A group led by KKR & Co made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd on Wednesday, underlining buyout funds’ current appetite for healthcare assets and pushing the Australian...