M&A Deal Summary

General Atlantic Acquires Ujala Cygnus Healthcare Services

On April 3, 2024, growth capital firm General Atlantic acquired healthcare services company Ujala Cygnus Healthcare Services from Eight Roads

Acquisition Highlights
  • This is General Atlantic’s 23rd transaction in the Healthcare Services sector.
  • This is General Atlantic’s 24th transaction in India.

M&A Deal Summary

Date 2024-04-03
Target Ujala Cygnus Healthcare Services
Sector Healthcare Services
Buyer(s) General Atlantic
Sellers(s) Eight Roads
Deal Type Secondary Buyout

Target

Ujala Cygnus Healthcare Services

New Delhi, India
website
Ujala Cygnus Healthcare Services provides multi-specialty care in orthopaedics, neurology, cardiology, gastro, and trauma related emergency care. Ujala Cygnus Healthcare Services was founded in 2011 and is based in New Delhi, India.

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Buyer(S) 1

Buyer
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 338 of 340
Sector (Healthcare Services) 23 of 23
Type (Secondary Buyout) 24 of 25
Country (India) 24 of 24
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-16 HireRight

Nashville, Tennessee, United States

HireRight is a global background screening company that offers innovative solutions to help organizations screen and manage their workforce. HireRight was founded in 1990 and is based in Nashville, Tennessee.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 Gresb

Amsterdam, Netherlands

Gresb is a provider of standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Gresb was founded in 2009 and is based in Amsterdam, Netherlands.

Buy -

Seller(S) 1

DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 95 of 95
Sector (Healthcare Services) 4 of 4
Type (Secondary Buyout) 4 of 4
Country (India) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-24 Adcentrx Therapeutics

San Diego, California, United States

Adcentrx Therapeutics is a biotechnology company focused on accelerating breakthroughs in protein conjugate therapeutic development for cancer and other life-threatening diseases. Adcentrx Therapeutics was founded in 2021 and is based in San Diego, California.

Buy -