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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.

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Related News

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.

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.

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.

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.

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 firm InvAscent backs multi-speciality hospital chain SRV Hospitals

VCCircle

VCCircle · 4m ago

PE firm InvAscent backs multi-speciality hospital chain SRV Hospitals

InvAscent, a healthcare-focused private equity firm, invested Rs 140 crore in SRV Hospitals, a Mumbai-based multi-speciality hospital chain. This is InvAscent's fifth investment from its fourth fund, following a January deal with Geri Care. The funding aims to support SRV's organic and inorganic growth. InvAscent's fourth fund, targeting $325 million, has also invested in Mavia Pharma and Fleming Laboratories. SRV Hospitals operates over 500 beds across India.

Kedaara Capital elevates two senior executives to partner roles

VCCircle

VCCircle · 8m 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.

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.

InvAscent set to ramp up portfolio with new hospital deal

VCCircle

VCCircle · 7m ago

InvAscent set to ramp up portfolio with new hospital deal

India-based private equity firm InvAscent plans to invest in a multi-speciality hospital chain, marking its second deal of the month. Known for focusing on healthcare, InvAscent is currently raising its fourth investment fund. Last year, the firm executed three deals from this fund, signifying its active engagement in bolstering healthcare services through strategic investments in India. These moves illustrate InvAscent's ongoing commitment to expanding its portfolio within the healthcare sector.

Disha Eye Hospitals may tap foreign investor for maiden PE fundraise

VCCircle

VCCircle · 10m ago

Disha Eye Hospitals may tap foreign investor for maiden PE fundraise

Disha Eye Hospitals Pvt Ltd, an eyecare center based in Kolkata, is considering raising equity funds for the first time. The hospital is looking to dilute a minority stake and has attracted interest from both global investors and domestic private equity firms. The funds raised will be used to further develop and expand the hospital's services.

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