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Blackstone, Ayana Renewable Power, GIC, and Asia Healthcare in news

VCCircle

VCCircle · 8m ago

Blackstone, Ayana Renewable Power, GIC, and Asia Healthcare in news

Blackstone and Sattva Group are planning to file papers for an IPO for a real estate investment trust (REIT). ONGC and NTPC Green are close to acquiring a renewable power asset. Singapore's GIC is looking to increase its stake in Asia Healthcare Holdings.

Related News

Grapevine: Ayana Renewable Power, Nebras Power in news

VCCircle

VCCircle · 10m ago

Grapevine: Ayana Renewable Power, Nebras Power in news

Oil and Natural Gas Corp (ONGC) is the leading contender for a renewable power company with backing from NIIF, while Qatar's Nebras Power has paused its acquisition plans for another renewable firm. This news has recently emerged.

TPG’s India healthcare platform goes for internal rejig as GIC buying majority stake

VCCircle

VCCircle · 6m ago

TPG’s India healthcare platform goes for internal rejig as GIC buying majority stake

Asia Healthcare Holdings (AHH), a healthcare platform backed by TPG and GIC, is undergoing an internal reorganization. GIC, the Singaporean sovereign wealth fund, is in the process of acquiring a majority stake in the company. AHH consists of three single-speciality healthcare chains: Motherhood, Nova IVF, and another specialized facility. The restructuring aligns with GIC's investment, aiming to enhance operational efficiency and expand AHH's presence in the healthcare sector.

Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps

VCCircle

VCCircle · 11m ago

Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps

Ayana Renewable Power, owned 51% by NIIF, reported a decline in net profit and slower revenue growth for the fiscal year 2023-24. The green energy company recorded disappointing financial performance during the period.

NIIF, BII, Eversource to exit Ayana Renewable in $2.3-bn deal

VCCircle

VCCircle · 6m ago

NIIF, BII, Eversource to exit Ayana Renewable in $2.3-bn deal

The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Eversource Capital are selling Ayana Renewable Power to ONGC NTPC Green Pvt. Ltd (ONGPL) for $2.3 billion. ONGPL is a joint venture of state-run Oil and Natural Gas Corporation and NTPC Green Energy Ltd. Ayana, launched by BII in 2018, operates 4.1 GW of wind and solar assets, and this deal marks ONGPL's entry into the renewable energy sector.

Grapevine: Ayana shortlists final bidders; Nexus Select eyes two Kolkata malls

VCCircle

VCCircle · 1y ago

Grapevine: Ayana shortlists final bidders; Nexus Select eyes two Kolkata malls

Ayana Renewable Power, supported by the National Investment and Infrastructure Fund (NIIF) in India, is reportedly considering ONGC, JSW Neo Energy, and Sembcorp Industries as final bidders for a majority stake in the company. The deal's equity value is estimated to be around $800 million.

GIC to acquire larger stake in Asia Healthcare Holdings from majority owner TPG

Livemint

Livemint · 8m ago

GIC to acquire larger stake in Asia Healthcare Holdings from majority owner TPG

Singapore sovereign fund GIC is reportedly set to increase its stake in Asia Healthcare Holdings (AHH) ahead of a potential public listing of the healthcare platform in the next year or two. GIC is said to be acquiring an additional 15% stake in AHH from majority owner TPG, making it the biggest shareholder of the platform. AHH, owned by global private equity firm TPG, is valued between $800 million and $900 million. The investment highlights the growing trend of healthcare companies going public in India due to favourable market conditions.

JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down

Economic Times

Economic Times · 22d ago

JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down

JSW Neo Energy, Blackstone, and Serentica Renewables have placed financial bids to acquire Statkraft's wind and solar energy assets in India, following a three-month due diligence period. Statkraft, a Norwegian government-owned renewable power firm, plans to exit India, selling its assets in two segments. While bids for wind and solar are now submitted, hydro power assets will follow. Statkraft aims for a $1.5 billion value for its Indian portfolio, which includes significant renewable energy infrastructure.

ONGC enters the fray to acquire Ayana Renewable Power

Livemint

Livemint · 1y ago

ONGC enters the fray to acquire Ayana Renewable Power

State-owned Oil and Natural Gas Corporation (ONGC) has expressed interest in acquiring a majority stake in Ayana Renewable Power. The company has submitted a non-binding offer for Ayana, which is looking to sell up to 100% of its stake at an equity valuation of around $800 million. Other companies including Sembcorp Industries, Macquarie Group, and JSW Neo Energy have also submitted non-binding offers for Ayana. ONGC's pursuit of Ayana comes as the company seeks to expand its clean energy portfolio amid disruptions in the conventional hydrocarbon space.

GIC acquires majority stake in Asia Healthcare Holdings with $150 million investment

Livemint

Livemint · 8m ago

GIC acquires majority stake in Asia Healthcare Holdings with $150 million investment

Singapore sovereign fund GIC is set to invest an additional $150 million in Asia Healthcare Holdings (AHH), making it the largest shareholder. This follows GIC's initial investment of $170 million in the healthcare platform earlier this year. The investment values AHH at around $800-900 million. With this transaction, private equity company TPG will become a minority stakeholder and GIC will hold the majority stake in AHH. The platform, which owns Motherhood Hospitals, Asian Institute of Nephrology and Urology, and Nova IVF, focuses on single specialty hospitals and plans to expand its offerings in the future.

Asia Healthcare Holdings appoints Arvind Sivaramakrishnan as CTO

Economic Times

Economic Times · 2m ago

Asia Healthcare Holdings appoints Arvind Sivaramakrishnan as CTO

Asia Healthcare Holdings has appointed Arvind Sivaramakrishnan as its Chief Technology Officer. Previously with Karkinos Healthcare, Sivaramakrishnan is known for initiating digital health transformations. At AHH, he will spearhead the digital technology strategy across platforms like telehealth and AI integration. This move signifies AHH’s dedication to enhancing patient care through tech-driven solutions. Backed by GIC and TPG, AHH focuses on sectors like oncology, fertility, and urology, aiming to innovate healthcare delivery.

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