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Oncology chain HCG attracts another marquee name for CVC Capital’s stake

VCCircle

VCCircle · 1y ago

Oncology chain HCG attracts another marquee name for CVC Capital’s stake

Private equity firm CVC Capital Partners is attracting interest from global investors for its controlling stake in Bengaluru-based cancer hospital chain, Healthcare Global Enterprises Ltd (HCG). After already receiving interest from other investors, another private equity giant has joined the race to acquire CVC Capital's stake in HCG. The specialty healthcare company focuses on providing cancer treatment and has gained attention from various prominent names in the industry.

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CVC to sell 54% stake in Healthcare Global Enterprises for up to $400M

YourStory

YourStory · 6m ago

CVC to sell 54% stake in Healthcare Global Enterprises for up to $400M

CVC has agreed to sell a 54% stake in Healthcare Global Enterprises (HCG) to investment firm KKR for up to $400 million. Once the transaction is complete, HCG Founder B S Ajai Kumar will serve as Non-Executive Chairman, focusing on clinical excellence and R&D. HCG is one of India’s largest oncology chains with 25 centres. CVC has supported HCG’s growth since 2020, enhancing revenue and patient care. The transaction is set to close in Q3 2025.

Grapevine: TPG, KKR eye CVC’s stakes in hospital chain; Verlinvest plans Sula exit

VCCircle

VCCircle · 1y ago

Grapevine: TPG, KKR eye CVC’s stakes in hospital chain; Verlinvest plans Sula exit

Private equity firms EQT, TPG Capital, and KKR are considering acquiring CVC Capital's controlling stake in the cancer hospital chain Healthcare Global Enterprises (HCG). The deal may also include an open offer for an additional 26% stake in the company.

Temasek may join race for CVC’s stake in HCG; Coca-Cola India's bottling arm mulls IPO

VCCircle

VCCircle · 1y ago

Temasek may join race for CVC’s stake in HCG; Coca-Cola India's bottling arm mulls IPO

Singapore's Temasek Holdings is said to be interested in acquiring a controlling stake in Healthcare Global Enterprises Ltd (HCG) currently held by CVC Capital Partners. Temasek may choose to bid alone or seek a collaboration with another private equity firm. Several initial bids have already been submitted by other interested parties, and due diligence is now being conducted.

European PE investor CVC Capital closes sixth Asia-focussed fund at $6.8 bn

VCCircle

VCCircle · 1y ago

European PE investor CVC Capital closes sixth Asia-focussed fund at $6.8 bn

Luxembourg-based private equity firm CVC Capital Partners has closed its sixth Asia-focused fund, the CVC Capital Partners Asia VI Fund, at $6.8 billion, 50% more than its predecessor. The firm has raised a total of $21 billion for investments in Asia. The fund will target control, co-control, and partnership investments in consumer and services sectors across Asia. CVC has been active in the region since 1999 and has made over 80 acquisitions in Asia. The firm is also a backer of several Indian platforms, including the IPL team Gujarat Titans and oncology chain Healthcare Global.

CVC Capital mulls selling stake in Indian healthcare firm

Reuters · 1y ago

CVC Capital mulls selling stake in Indian healthcare firm

Private equity firm CVC Capital Partners is reportedly considering selling a 60.4% stake in Indian cancer hospital chain, HealthCare Global Enterprises. The stake is valued at approximately $345 million, and CVC may seek a premium of 20-50% for the shares depending on market conditions. The Bengaluru-based chain operates 24 cancer centers across India and caters to over 200,000 patients each year. The private healthcare sector in India is rapidly growing due to a rising population and increasing disposable incomes.

Grapevine: CVC in talks to sell IPL team stake; ENGIE to monetize renewable assets

VCCircle

VCCircle · 1y ago

Grapevine: CVC in talks to sell IPL team stake; ENGIE to monetize renewable assets

Private equity firm CVC Capital Partners is reportedly in discussions with Adani Group and Torrent Group to sell a controlling stake in the Indian Premier League (IPL) team, Gujarat Titans. CVC intends to sell a majority stake while retaining a minority ownership, according to sources. In another news, ENGIE, a French power company, is exploring options to monetize its renewable assets through a potential IPO or asset swap deals.

KKR, Investcorp vying for Abu Dhabi's district cooling business, sources say

VCCircle

VCCircle · 4m ago

KKR, Investcorp vying for Abu Dhabi's district cooling business, sources say

KKR, I Squared Capital, and Investcorp are among global asset managers bidding for Abu Dhabi's district cooling business, PAL Cooling Holding (PCH), owned by Multiply Group. This enterprise is part of a broader $1.5 trillion portfolio under UAE’s Sheikh Tahnoon bin Zayed Al Nahyan. The deal, valued around $1 billion, also attracts entities like CVC, Engie-backed Tabreed, and TAQA. The interest indicates buyout firms’ growing focus on local Gulf investments.

Abu Dhabi’s PureHealth to buy 60% in Hellenic as CVC Capital partially exits

VCCircle

VCCircle · 7m ago

Abu Dhabi’s PureHealth to buy 60% in Hellenic as CVC Capital partially exits

PureHealth, the largest healthcare services provider in the Middle East, is acquiring a 60% stake in Hellenic Healthcare Group from CVC Capital Partners and founder Dimitris Spyridis for approximately $1.4 billion. This move is part of PureHealth’s strategy to expand internationally and diversify revenue sources. Post-acquisition, CVC will retain a 35% stake while the founder maintains 5%. The acquisition aligns with PureHealth’s aim to generate over half of its revenue from outside the Gulf region.

ChrysCap-backed Centre For Sight strikes another acquisition in bid to expand

VCCircle

VCCircle · 11m ago

ChrysCap-backed Centre For Sight strikes another acquisition in bid to expand

Centre For Sight, a leading ophthalmology chain backed by Chrys Capital, has acquired a majority stake in a Mumbai-based hospital chain as part of its expansion strategy. The company recently raised $100 million and aims to grow its presence in the healthcare sector. This acquisition marks another step towards its goal.

CVC Capital Partners wins bid for Aavas Financiers, valuing it at ₹13,019 crore

Livemint

Livemint · 1y ago

CVC Capital Partners wins bid for Aavas Financiers, valuing it at ₹13,019 crore

Private equity firm CVC Capital Partners has outbid rival firm EQT to emerge as the successful bidder for Aavas Financiers, formerly known as AU Housing Finance. The deal will see current promoters Kedaara Capital and Partners Group exit their investment and trigger an open offer for an additional 26% of shares from public shareholders. If fully subscribed, CVC will acquire a controlling 52.47% stake in Aavas, valuing the company at approximately ₹13,019.67 crore. Financial services firm Nirmal Bang has maintained a buy rating on Aavas Financiers, citing India's housing shortage and low mortgage penetration as growth opportunities.

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