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Grapevine: FlyDubai, Titan, ASG Eye, Adhunik Power, Lightstorm, Licious in news

VCCircle

VCCircle · 6m ago

Grapevine: FlyDubai, Titan, ASG Eye, Adhunik Power, Lightstorm, Licious in news

Lightstorm Telecom Connectivity has secured new funding, and Adhunik Power & Natural Resources is negotiating to refinance its debt with Edelweiss. Meanwhile, Titan and ASG Eye Hospitals are considering acquisitions. FlyDubai is exploring partnerships to establish a domestic carrier in India. Additionally, Temasek-backed Licious is also mentioned in recent news, although the specific context regarding Licious is not detailed.

Related News

Grapevine: PE-backed firms eye Sharp Sight; KKR pauses Lighthouse Learning sale

VCCircle

VCCircle · 1y ago

Grapevine: PE-backed firms eye Sharp Sight; KKR pauses Lighthouse Learning sale

The founders of Sharp Sight Eye Hospitals are considering selling a controlling stake, which would allow private equity investor InvAscent to exit the company. Investment bankers have been invited to bid for the opportunity to raise fresh capital and facilitate the exit. This comes as PE-backed eyecare chains ASG Eye Hospital and Eye-Q Vision plan to merge, eyeing potential consolidation in the industry. In other news, KKR has decided to temporarily pause the sale of Lighthouse Learning, a move that may have been influenced by the current market conditions.

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

VCCircle

VCCircle · 4m 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 · 3m 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.

Grapevine: Titan, Adani Group, Motherson plot M&As; GyanDhan seeks VC funding

VCCircle

VCCircle · 3m ago

Grapevine: Titan, Adani Group, Motherson plot M&As; GyanDhan seeks VC funding

Indian conglomerates Titan and Adani Group are pursuing major acquisitions, with Titan eyeing Damas International and Adani leading in bidding for Diamond Power Infrastructure. Simultaneously, Motherson Group is set to acquire Marelli Holdings, enhancing its automotive component business. In the education finance sector, GyanDhan is closing in on securing new venture capital funding, which reflects its growth and expansion ambitions. Overall, these developments highlight significant strategic moves in India's business landscape.

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.

Kedaara Capital ropes in managing director from healthcare-focused PE firm

VCCircle

VCCircle · 10m ago

Kedaara Capital ropes in managing director from healthcare-focused PE firm

Private equity firm Kedaara Capital has hired a managing director to lead investments in the pharmaceutical and healthcare sectors. Kedaara, known for its investments in companies like ASG Eye Hospital and Oasis Fertility, has raised India's largest sector-agnostic private equity fund. The addition to the team suggests the firm's focus on expanding its presence in healthcare-related investments.

Investcorp co-CEO Kapoor on rapid rise in AUM, India experience and more

VCCircle

VCCircle · 1y ago

Investcorp co-CEO Kapoor on rapid rise in AUM, India experience and more

Bahrain-based alternative investor Investcorp has experienced rapid growth in its assets under management (AUM), increasing it five times over the past six years to reach $50 billion. The firm has invested in several Indian companies, including FreshToHome, Citykart, Xpressbees, ASG Eye Hospital, InCred, and Bewakoof. Investcorp is currently raising funds for its India private equity activities.

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.

Grapevine: Licious in deal to acquire meat store, PE firms eye Novartis India unit

VCCircle

VCCircle · 10m ago

Grapevine: Licious in deal to acquire meat store, PE firms eye Novartis India unit

Temasek-backed Licious, the popular meat and seafood platform, is set to acquire My Chicken and More, a Bengaluru-based chain of offline stores. The deal, estimated at Rs 150-200 crore, will boost Licious' presence in Bengaluru. It will involve a combination of cash and equity, with additional earnout clauses. In other news, private equity firms are reportedly eyeing the India unit of pharmaceutical company Novartis, indicating investment interest in the sector.

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 Pvt Ltd, an eye-care chain, is expected to see a significant increase in revenue and profit due to several acquisitions it has made in recent years. Private equity firms General Atlantic and Kedaara Capital are among the investors in the company. The M&A-led growth strategy appears to be paying off for the hospital, with positive financial results projected for the financial year ending in March 2024.

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