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
  • Kids Entertainment Zones
    About Us: 10 Little Fingers is a Do-it-yourself creative zone where..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 144
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Casuals
    Paragon has casual and formal shoes, sandals, floaters, slippers, and flip flops&nb..
    Locations looking for expansion Haryana
    Establishment year 1974
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Other Vocational Training
    About Us: The Playden (School Of Performing Arts, Sports & Fitness)..
    Locations looking for expansion Uttar pradesh
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Drinking Water
    BCCPL owned a master franchise for Imperial Blue & Royal..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 15000
    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