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Bottomline: Is PE-backed ASG Hospital's M&A-led growth strategy bearing fruit?

VCCircle

VCCircle · 1y ago

Bottomline: Is PE-backed ASG Hospital's M&A-led growth strategy bearing fruit?

ASG Hospital, an eye-care chain backed by private equity firms General Atlantic and Kedaara Capital, is expected to see significant growth in revenue and profit due to its acquisition strategy. The company has made several acquisitions in recent years, which is likely to contribute to its financial performance for the year ending March 2024.

Related News

PE-backed ASG Hospital returns to M&As with first deal in two years

VCCircle

VCCircle · 5m ago

PE-backed ASG Hospital returns to M&As with first deal in two years

ASG Hospital Pvt. Ltd, an eyecare chain backed by private equity firms General Atlantic and Kedaara Capital, has resumed its acquisition activities after nearly two years. The Jodhpur, Rajasthan-based company, known for a series of acquisitions from 2021 to 2023, has finalized a takeover deal, marking its return to mergers and acquisitions. This strategic move underscores ASG Hospital's ongoing expansion and growth strategy in the eyecare sector.

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

VCCircle

VCCircle · 2m ago

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

APAC Financial Services Pvt Ltd, backed by Renuka Ramnath-led Multiples Alternate Asset Management, reported a net profit for the sixth consecutive year in FY25. The company's net profit increased to Rs 110 crore ($12.8 million) for the financial year ending March 2025. Founded by Gunit Chadha, the firm continues its profitability streak, showcasing sustained financial growth. APAC Financial's performance underscores its successful management and strategy execution in the financial sector.

PE-backed ASG Hospital acquires another eye care firm amid M&A push

VCCircle

VCCircle · 3m ago

PE-backed ASG Hospital acquires another eye care firm amid M&A push

ASG Hospital Pvt Ltd, backed by private equity firms General Atlantic and Kedaara Capital, has acquired a super-specialty eye hospital in Mumbai. This acquisition is ASG's third in two months, indicating a renewed push in mergers and acquisitions after a brief pause. Headquartered in Jodhpur, ASG is expanding its footprint and capabilities in the eye care sector through these strategic acquisitions.

PE-backed eyecare chain ASG Hospital strikes fourth M&A within three months

VCCircle

VCCircle · 2m ago

PE-backed eyecare chain ASG Hospital strikes fourth M&A within three months

ASG Hospital Pvt. Ltd, an eyecare chain backed by Kedaara Capital and General Atlantic, has completed its fourth acquisition in three months to expand its presence in India. Based in Jodhpur, Rajasthan, ASG Eye Hospitals has acquired a majority stake in a Thane-based hospital. This strategic move aligns with their ongoing efforts to strengthen their network and offerings in the eyecare sector.

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

VCCircle

VCCircle · 5m ago

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

Vistaar Financial Services Pvt. Ltd, backed by private equity firm Warburg Pincus, successfully grew its assets under management (AUM) to over $500 million while maintaining controlled non-performing assets (NPAs). This growth highlights the company's effective strategy in expanding its portfolio without compromising asset quality. Under the leadership of MD and CEO Avijit Saha, Vistaar Finance continues to demonstrate robust financial management and operational efficiency, marking a significant achievement in the non-bank lending sector.

Bottomline: PE-backed Integrace’s margins shrink, revenue growth marginally better

VCCircle

VCCircle · 8m ago

Bottomline: PE-backed Integrace’s margins shrink, revenue growth marginally better

Integrace, a drugmaker backed by private equity firm True North and Singapore state investment firm Temasek, saw a slight improvement in revenue growth for the fiscal year ending March 2024. However, the company's margins continued to shrink. Integrace focuses on musculoskeletal disorders, pain management, and women's health products. Headquartered in Mumbai, the company's performance highlights the ongoing challenges it faces in maintaining profitability.

Bottomline: PE-backed Zenex gets a boost with Ayurvet M&A, explores new growth areas

VCCircle

VCCircle · 6m ago

Bottomline: PE-backed Zenex gets a boost with Ayurvet M&A, explores new growth areas

Zenex Animal Health, backed by Multiples PE, is set for significant growth following its acquisition of Ayurvet. The company, rebranded from Zydus Cadila's animal health division in 2021, anticipates increased revenue and profits by March 2025. This strategic merger not only solidifies Zenex's position in the animal health market but also enhances its capabilities, enabling exploration of new growth areas. The move reflects a robust plan to expand Zenex's market presence and boost profitability.

Bottomline: Investcorp-backed Citykart to boost revenue growth on store expansion

VCCircle

VCCircle · 9m ago

Bottomline: Investcorp-backed Citykart to boost revenue growth on store expansion

Retail store chain Citykart Stores Pvt. Ltd, backed by private equity investors such as Investcorp, plans to boost revenue growth by expanding its store network. The company aims to achieve revenue of Rs 950-1,000 crore for the financial year ending March 2025. Citykart's President and COO, Ritesh Rathi, expressed confidence in the company's growth strategy.

Bottomline: PE-backed Apollo Pharmacies sustains revenue growth but stays in the red

VCCircle

VCCircle · 2m ago

Bottomline: PE-backed Apollo Pharmacies sustains revenue growth but stays in the red

Apollo Pharmacies Ltd, backed by private equity, continued to show revenue growth but remained unprofitable for the fourth consecutive year through March 2025. The company's efforts to expand its offline store network and ongoing losses in its online business contributed to its financial challenges, despite being India's largest retail pharmacy chain.

Temasek-controlled Manipal Hospitals appoints lead banker as IPO plans take shape

VCCircle

VCCircle · 5m ago

Temasek-controlled Manipal Hospitals appoints lead banker as IPO plans take shape

Manipal Hospitals, primarily owned by Singapore's Temasek, has enlisted a lead merchant banker for its proposed initial public offering (IPO). The hospital chain, led by Ranjan Pai and operated by Manipal Health Enterprises Pvt. Ltd, is making strategic moves for its IPO, according to sources familiar with the development. This appointment marks a significant step in the hospital's financial strategy as it prepares for public market involvement.

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