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General Atlantic to acquire Ujala Cygnus, early backers to exit

VCCircle

VCCircle · 1y ago

General Atlantic to acquire Ujala Cygnus, early backers to exit

US private equity firm General Atlantic is set to acquire a majority stake in regional hospital chain Ujala Cygnus, providing an exit for early investors Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital. The financial terms of the transaction have not been disclosed. The investment from General Atlantic will be used by Ujala Cygnus to enhance its clinical and civil infrastructure and expand its comprehensive care capabilities. This acquisition is part of a trend of private equity firms investing in Indian healthcare companies, driven by the increased demand for quality healthcare infrastructure due to the Covid-19 pandemic.

Related News

Exclusive: General Atlantic-backed hospital chain eyes Punjab peer

VCCircle

VCCircle · 11m ago

Exclusive: General Atlantic-backed hospital chain eyes Punjab peer

- General Atlantic-backed Ujala Cygnus is looking to acquire hospitals in Punjab. - Ujala Cygnus is in advanced talks with an Amritsar-based firm for a potential acquisition. - The hospital chain aims to establish a presence in the Punjab region through this deal. - General Atlantic is a key investor in Ujala Cygnus. - The acquisition is expected to give Ujala Cygnus a strong foothold in the Punjab healthcare market.

General Atlantic-backed Ujala Cygnus to buy stake in North India hospital chain

VCCircle

VCCircle · 4m ago

General Atlantic-backed Ujala Cygnus to buy stake in North India hospital chain

Ujala Cygnus, backed by General Atlantic, is set to acquire a significant stake in Amandeep Hospitals in Punjab, expanding its network to 28 hospitals with nearly 2,800 beds. The move marks Ujala Cygnus' entry into Punjab's healthcare market, focusing on broadening tertiary and quaternary care services. Amandeep Hospitals, specializing in various medical fields, operates five multi-super-specialty hospitals. This acquisition aims to deepen Ujala Cygnus’ presence in Punjab and explore new facilities.

General Atlantic buys majority stake in Ujala Cygnus

Livemint

Livemint · 1y ago

General Atlantic buys majority stake in Ujala Cygnus

US private equity firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with 21 hospitals across tier II and tier III cities. The financial terms of the deal were not disclosed, but it reportedly involves a primary investment of INR 400 crore ($54m) in two tranches, along with a secondary investment of INR 600 crore. The investment will support Ujala Cygnus in enhancing its infrastructure and expanding its healthcare access in underserved areas of northern India. The company's early investors made a full exit with this deal.

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

VCCircle

VCCircle · 1y ago

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

Private equity firm General Atlantic is reportedly in talks to acquire a 70% stake in Ujala Cygnus Healthcare Services, a Delhi-based multi-specialty hospital chain. The deal, if finalized, could value the hospital chain at around Rs 1,600 crore. Meanwhile, venture capital firm Endiya Partners is planning to launch its third fund.

General Atlantic takes a haircut from one of its biggest India PE bets

VCCircle

VCCircle · 1y ago

General Atlantic takes a haircut from one of its biggest India PE bets

Private equity firm General Atlantic has made its second full exit of the year in India. The company, which focuses on making late-stage venture capital and growth equity investments, has been actively selling off its holdings over the past 12-18 months. The latest exit comes as General Atlantic continues to monetize its investments in the region.

General Atlantic in talks to buy PE firm Actis: Report

VCCircle

VCCircle · 1y ago

General Atlantic in talks to buy PE firm Actis: Report

According to a report, General Atlantic is in talks to acquire Actis, a private equity firm focused on infrastructure investments. If the deal is finalized, it will add $12.7 billion to General Atlantic's existing $77 billion assets under management. General Atlantic recently filed for an initial public offering, and Actis also filed for an IPO earlier this month. Neither party has commented on the potential acquisition yet.

General Atlantic pockets $136 mn in twin exit moves from India portfolio

VCCircle

VCCircle · 1y ago

General Atlantic pockets $136 mn in twin exit moves from India portfolio

Private equity firm, General Atlantic, has made two exit moves from its India portfolio, generating a total of $136 million. The firm has begun the process of listing Maharashtra-based pharmaceutical products developer, Rubicon Research, and has also sold its stake in Madeira Systems. General Atlantic invests in both late-stage venture capital and growth equity transactions in India.

General Atlantic exiting maiden India control deal as Capital Foods gets a buyer

VCCircle

VCCircle · 1y ago

General Atlantic exiting maiden India control deal as Capital Foods gets a buyer

Private equity firm General Atlantic is set to exit its first control deal in India as it finalizes the sale of Capital Foods. General Atlantic, known for its investments in late-stage venture capital and growth equity transactions, has been making moves in India and recently filed for an IPO in the US. This deal marks a significant achievement for the firm as it looks to capitalize on India's dynamic market.

General Atlantic kicks off exit plan from India healthcare portfolio firm

VCCircle

VCCircle · 1y ago

General Atlantic kicks off exit plan from India healthcare portfolio firm

Private equity firm General Atlantic is looking to cash out its investment in an Indian healthcare company it backed five years ago. The move follows General Atlantic's recent exit from another investment in India. The firm specializes in late-stage venture capital and growth equity transactions in India.

Unacademy backer General Atlantic to buy UK's Learning Technologies for $1 bn

VCCircle

VCCircle · 8m ago

Unacademy backer General Atlantic to buy UK's Learning Technologies for $1 bn

Private equity firm General Atlantic has agreed to acquire Learning Technologies Group (LTG) for approximately $1 billion. LTG provides corporate training tools, including mobile apps and training videos. The investment is driven by the growing demand for training programs in large corporations as they adapt to artificial intelligence. General Atlantic aims to support LTG in adapting its products to remain competitive and address the challenges posed by AI and other disruptions. This deal is part of a wave of mergers and acquisitions taking place in the UK.

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