Investment Summary

Ascent Capital Invests In Skanray Technologies

On September 3, 2013, private equity firm Ascent Capital invested in medical products company Skanray Technologies for 15M USD

Investment Highlights
  • This is Ascent Capital’s 1st transaction in the Medical Products sector.
  • This is Ascent Capital’s 3rd largest (disclosed) transaction.
  • This is Ascent Capital’s 22nd transaction in India.

Investment Summary
Date 2013-09-03
Target Skanray Technologies
Sector Medical Products
Investor(s) Ascent Capital
Deal Type Growth Capital
Deal Value 15M USD

Target

Skanray Technologies

Mysore, India
Skanray is an international healthcare technology company specializing in High Frequency X-Ray Imaging Systems, Critical Care, Dental Care, Primary Healthcare & Telemedicine devices. Skanray Technologies was founded in 2007 and is based in Mysore, India.

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Investor(S) 1

Investor

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.

DEAL STATS #
Overall 22 of 32
Sector (Medical Products) 1 of 1
Type (Growth Capital) 5 of 7
Country (India) 22 of 32
Year (2013) 2 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 CARE Ratings

Mumbai, India

CARE Ratings is a credit rating agency, provides various rating and grading services in India, Mauritius, and Nepal. The company provides rating services for debt instruments, such as bonds, debentures, hybrid instruments, preference shares, fixed deposits, commercial papers and short-term debt programs, and certificate of deposits; and bank loan; financial sector rating services, which cover banks, non-banking finance companies, housing finance companies, financial institutions, etc. CARE Ratings was founded in 1993 and is based in Mumbai, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-27 People Combine Avenues

Hyderabad, India

People Combine Avenues (PCAL) is a Hyderabad based company, which runs one of the largest schools in India, offering International Baccalaureate (IB) curriculum Oakridge International School, in Hyderabad. The Company and its associate societies run and manage eight K-12 institutions in Vishakhapatnam and Hyderabad, including, Oakridge I & Oakridge II in Hyderabad and Vikas Schools & Junior College, Nalanda Talent School, Westwood International in Vishakhapatnam and Westwood International in Tenali. People Combine Avenues was founded in 1993 and is based in Hyderabad, India.

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