M&A Deal Summary

IHH Healthcare Berhad Acquires Ravindranath GE Medical Associates Pvt.

On August 28, 2015, IHH Healthcare Berhad acquired healthcare services company Ravindranath GE Medical Associates Pvt. from Everstone Group for 195M USD

Acquisition Highlights
  • This is IHH Healthcare Berhad’s 1st transaction in the Healthcare Services sector.
  • This is IHH Healthcare Berhad’s largest (disclosed) transaction.
  • This is IHH Healthcare Berhad’s 1st transaction in India.

M&A Deal Summary
Date 2015-08-28
Target Ravindranath GE Medical Associates Pvt.
Sector Healthcare Services
Buyer(s) IHH Healthcare Berhad
Sellers(s) Everstone Group
Deal Type Add-on Acquisition
Deal Value 195M USD

Target

Ravindranath GE Medical Associates Pvt.

Hyderabad, India
website
Global Hospitals is a super-specialty hospital chain focusing on multi-organ transplantation with specialization in the areas of gastro-enterology, cardiology, nephrology and urology.

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Buyer(S) 1

Buyer

IHH Healthcare Berhad

Kuala Lumpur, Malaysia

website

Category Company
Founded 2010
Sector Healthcare Services
Employees35,000
DESCRIPTION

IHH is an international healthcare platform built to develop and deliver synergies across all its healthcare assets, ensuring coherent integration of each investee company’s capabilities, market presence and brand to optimise the combined potential of all the companies.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Everstone Group

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Everstone Group is a private equity firm focused on traditional private equity investments as well as real estate transactions. Within private equity, the Firm seeks to invest in businesses focused on domestic consumption as well as companies that are 'enablers of domestic infrastructure'. Everstone is a 'hands on' investor, willing to take an active role in managing investments. Within real estate, Everstone looks for retail, and mixed use developments, as well as industrial warehouses. Everstone Group was formed in 2006 and is based in Singapore.

DEAL STATS #
Overall 3 of 9
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (India) 3 of 6
Year (2015) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-27 VLCC Health Care

New Delhi, India

VLCC Health Care is a Wellness & Beauty services and products organization, serving customers across 310 locations in 143 cities spanning 12 countries in South Asia, South East Asia. VLCC Health Care was founded in 1989 and is based in New Delhi, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 SLCM

New Delhi, India

SLCM is an integrated player that provides a one-stop solution to the end-user with a diversified portfolio of services ranging from Warehouse Management, Agriculture Financing, and Collateral Management to Procurement. SLCM warehouse management is equipped with technology to offer storage and protection services for the entire range of agri-commodities. The company provides services to Farmers, Processors, Millers, Traders, Importer, Exporters, Commodity Exchanges, and the Government. SLCM was founded in 2009 and is based in New Delhi, India.

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