Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 18 2017

KKR to invest $200 million in Radiant Life Care to acquire 49% stake

KKR, which has pumped in more than $3 billion through PE funding in India since 2006, will invest through its KKR Asian Fund III in Radiant.

New York based private equity giant, KKR has agreed to acquire a 49% stake in Indian hospital management company, Radiant Life Care Pvt. Ltd for $200 million (Rs 1,288 crore).

KKR, which has pumped in more than $3 billion through PE funding in India since 2006, will invest through its KKR Asian Fund III in Radiant, the Mumbai-based healthcare company said in a statement.

The firm had raised a record $9.3 billion for its latest Asia fund in June.

Radiant’s facilities include BLK Super Speciality Hospital (BLK) in New Delhi and the Nanavati Super Speciality Hospital in Mumbai.

The PE firm has previously extended financing to Radiant to support the company’s growth, it added without detailing the amount and the projects it invested in earlier.

Founded in 2000, Radiant Life Care Pvt. Ltd, will use the funds to expand its presence in the country and will also look at acquisitions.

Sanjay Nayar, CEO at KKR India, said, "In this industry, scale and operating leverage are increasingly important, and Radiant has a unique opportunity to acquire assets during a time of industry consolidation." Nayar and KKR director Nikhil Srivastava will join Radiant’s board.

Abhay Soi, Chairman and Managing Director, Radiant, said, "KKR has been a long-term partner to the company and that the two firms share their vision for healthcare excellence in India."

The company started operations with the redevelopment of BLK Super Speciality Hospital in New Delhi in 2010. BLK is now being expanded into a 1600-bed quaternary care hospital.

Later, Radiant collaborated with the Nanavati Hospital Trust in 2014 to take over the operations of the 350-bed multi-specialty Nanavati hospital in Mumbai. The company plans to expand Nanavati into a 1000 bed quaternary care institute over the next four years.

Comment
Related opportunities
  • Luggage, Hand bags & Backpacks
    About Us: Welcome to Doubleu Bag. We are proud to introduce..
    Locations looking for expansion Rajasthan
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Competitive Exam Coaching Institute
    About Us: CAD DESK is a leading training network of India..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: “PASTOVILLA" aspires to expand its presence in the vegetarian..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • American Kidz, the pioneers in the field of Language training,..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 2lac - 5lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MEERUT Uttar Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities