M&A Deal Summary

CVC Capital Partners Acquires HCG

On June 4, 2020, private equity firm CVC Capital Partners acquired healthcare services company HCG

Acquisition Highlights
  • This is CVC Capital Partners’ 9th transaction in the Healthcare Services sector.
  • This is CVC Capital Partners’ 2nd transaction in India.
Investment Fate
  • HCG was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2020-06-04
Target HCG
Sector Healthcare Services
Buyer(s) CVC Capital Partners
Deal Type Going Private

Target

HCG

Bangalore, India
HCG is a large provider of cancer care by operating 23 specialist centers (c.2,000 beds), three multi-specialty hospitals and seven IVF clinics. The business has an expansive geographic footprint, strong brand recognition and a reputation for clinical excellence and successful outcomes. HCG was founded in Bangalore, India.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 257 of 328
Sector: Healthcare Services M&A 9 of 14
Type: Going Private M&A Deals 12 of 16
Country: India M&A 2 of 4
Year: 2020 M&A 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-22 United Rugby Championship

Sandyford Industrial Estate, Ireland

United Rugby Championship is the premier club rugby league in Ireland, Scotland and Wales. United Rugby Championship comprises 14 clubs from five countries and includes some of the biggest names in world club rugby such as Leinster, Munster, Cardiff & Glasgow. The championship is also home to 300 international players with stars from the world #2 ranked Irish National team and the SixNations winning Welsh team. United Rugby Championship was founded in 2001 and is based in Sandyford Industrial Estate, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Elsan

Paris, France

Elsan is a healthcare services provider operating 128 clinics treating more than 2 million patients every year. Elsan specializes in medicine, surgery, obstetrics, and other medical services (dialysis, post-acute rehabilitation, imaging & radiotherapy, and home hospitalization). Elsan was founded in 2000 and is based in Paris, France.

Sell -