Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 20 2018

KKR-Radiant acquires 49.7% stake in Max Healthcare for $293 million

As part of the deal, Radiant will buy 266 million shares in Max Healthcare at Rs 80 per share.

KKR-Radiant acquires 49.7% stake in Max Healthcare for $293 million

Radiant Life Care Pvt Ltd, a hospital chain backed by private equity firm KKR & Co, will acquire 49.7% stake in Max Healthcare from South Africa-based Life Healthcare Group Holdings Ltd for $293 million.

The development comes after Radiant failed to buy India's second-largest hospital chain, Fortis Healthcare Ltd.

As part of the deal, Radiant will buy 266 million shares in Max Healthcare at Rs 80 per share. The transaction is expected to be finalized by the end of the December.

Life Healthcare will use the net disposal proceeds for settling its debt and for investing in growth opportunities. It will also help the company to focus on its core markets in South Africa, the UK, Poland and Western Europe.

Life Healthcare said, "The company will initially utilise the net proceeds (less estimated costs and taxes) from the disposal to settle debt as well as to invest in growth opportunities in the company's core markets."

In 2012, Life Healthcare had acquired stake of 26% in Max Healthcare. But, it was subsequently increased to 46.25% in 2014.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    Sha Sha Shandaar Shawarma is a brand of Sumadhura Shandaar..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 70
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Multi Cuisine Restaurant
    About Us: In Hungary, one of the most popular types of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Own the American Dream In India with U.S.Pizza! Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  • Facility Management
    •          Started in the USA, Cleanomatics - a ..
    Locations looking for expansion Haryana
    Establishment year 2008
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities