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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.

Related News

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.

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.

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.

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

VCCircle

VCCircle · 9m 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.

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.

Kedaara Capital elevates two senior executives to partner roles

VCCircle

VCCircle · 7m ago

Kedaara Capital elevates two senior executives to partner roles

Kedaara Capital, an Indian private equity firm, has promoted two senior executives, Rishiraj Khajanchi and Anant Gupta, to partner roles. This move follows the firm's successful closing of its fourth fund, which is the largest corpus raised by any Indian PE firm to date. Kedaara Capital's investment portfolio includes notable companies like Lenskart, Perfios, and ASG Eye Hospital.

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.

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.

109 D2C Brands That Are Disrupting India’s Consumer Market

Inc42 · 1y ago

109 D2C Brands That Are Disrupting India’s Consumer Market

Investcorp co-CEO Kapoor on rapid rise in AUM, India experience and more Premium Rishi-Kapoor, co-CEO, Investcorp Bahrain-based alternative investor Investcorp has grown its global assets under management (AUM) five times over the past six years, to $50 billion as of this year. The investor, a backer of Indian companies like FreshToHome, Citykart, Xpressbees, ASG Eye Hospital, InCred and Bewakoof, is currently raising an India private equity ......

True North scripting a multi-bagger with $250-mn PE exit

VCCircle

VCCircle · 2m ago

True North scripting a multi-bagger with $250-mn PE exit

True North, a private equity firm, has exited one of its longest-held investments, initially backed in 2010, with a $250 million sell-off. Despite holding the investment for a lengthy period, which limited potential gains, the firm has undertaken several monetization moves and reduced the target corpus of its seventh flagship fund in recent years. This exit marks another significant transaction amid their strategic financial maneuvers.

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