Olympus Capital says invests $98.7 million in India’s DM Healthcare
MUMBAI |
MUMBAI (Reuters) – Olympus Capital said on Wednesday it has invested 5 billion rupees (about $98.7 million) for a significant minority stake in Indian healthcare firm, DM Healthcare Pvt Ltd.
The investment in DM Healthcare, which operates a network of medical centers, hospitals and pharmacies in the middle east as well as secondary and tertiary care hospitals in India, will be partly for the healthcare firm’s expansion plans in India, the fund said in a statement.
Olympus, which has invested about $1.5 billion so far across Asia, also bought a portion of shares held by private equity firm, India Value Fund in the company, it said.
Veda Corporate Advisors Pvt. Ltd. was the advisor to DM Healthcare on the transaction.
Private equity funds invested have invested $10.58 billion of capital across 501 deals in 2011, up more than a fifth compared to $8.47 billion across 416 deals in 2010, according to data from industry tracker VCCircle.com.
(Reporting by Indulal PM; Editing by Subhadip Sircar)
Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/9tEwKkyW0zo/olympuscapital-dmhealthcare-idINDEE80H0A520120118
del.icio.us |
Digg
Home
Set as homepage
Add to favorites
Rss
No Comments
Post your comment