M&A Deal Summary

Investcorp and Quadria Capital Acquire NephroPlus

On November 25, 2019, asset manager Investcorp and private equity firm Quadria Capital acquired healthcare services company NephroPlus from SeaLink Capital Partners and International Finance for 45M USD

Acquisition Highlights
  • This is Investcorp’s 5th and Quadria Capital’s 7th transaction in the Healthcare Services sector.
  • This is Investcorp’s 31st and Quadria Capital’s largest (disclosed) transaction.
  • This is Investcorp’s 6th and Quadria Capital’s 5th transaction in India.

M&A Deal Summary

Date 2019-11-25
Target NephroPlus
Sector Healthcare Services
Buyer(s) Investcorp
Quadria Capital
Sellers(s) SeaLink Capital Partners
International Finance
Deal Type Secondary Buyout
Deal Value 45M USD

Target

NephroPlus

Hyderabad, India
NephroPlus is a dialysis provider network offering highest quality dialysis services. NephroPlus was founded in 2009 and is based in Hyderabad, Telangana.

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Buyer(S) 2

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 149 of 189
Sector: Healthcare Services M&A 5 of 7
Type: Secondary Buyout M&A Deals 51 of 60
Country: India M&A 6 of 13
Year: 2019 M&A 12 of 12
Size (of disclosed) 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Intergrow Brands

Ernakulam, India

Intergrow Brands products ranging from packaged spices, marinades, sauces and seasonings to premium gourmet food and tea. Intergrow also has a wide bouquet of premium gourmet food products under the “Sprig” brand. Intergrow Brands was founded in 2014 and is based in Ernakulam, Kerala.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 City Super

Hong Kong, China

City Super is a food retailing chains in Hong Kong and Shanghai, known for offering the highest quality and widest assortment of gourmet food products to its customers from around the world. City Super Group also operates the LOG-ON stores, which offer a unique collection of lifestyle products. City Super was founded in 1996 and is based in Hong Kong, China.

Buy -
Buyer

Quadria Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Quadria Capital is a private equity firm focused on investing in the healthcare sector throughout Southeast Asia and India. The Firm looks to partner with promising regional healthcare companies and help them grow into leaders. Specific areas of interest include life science, healthcare delivery, medical technology, and other healthcare services. Quadria Capital was formed in 2012 and is headquartered in Singapore.


DEAL STATS #
Overall 9 of 17
Sector: Healthcare Services M&A 7 of 9
Type: Secondary Buyout M&A Deals 1 of 3
Country: India M&A 5 of 10
Year: 2019 M&A 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Lablink

Kuala Lumpur, Malaysia

Lablink is a hospital laboratories, offering high quality diagnostic services through its central lab in and managing over 25 hospital laboratories across Malaysia. The company’s comprehensive services include haematology, chemical pathology, immunology & serology, histology, biosafety & mycobacteriology, medical microbiology, cytology, molecular diagnostics, and health screening. Lablink was founded in 1989 and is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-08 Akums

Delhi, India

Akums is a manufacturing pharmaceutical company. The organization deals in the manufacturing and export of formulations in a wide spectrum of dosage forms & therapeutic segments. Akums was founded in 2004 and is based in Delhi, Haryana.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

SeaLink Capital Partners is a private equity firm focused on mid-sized companies throughout India. The Firm looks to invest $15 to $50 million in growth-oriented companies with $15 to $100 million of revenue. Areas of interest include business services, financial services, consumer, information technology, and niche manufacturing. SeaLink Capital Partners was formed in 2015 and is headquartered in Mumbai.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Surya Hospitals

Mumbai, India

Surya Children’s Medicare Pvt. Ltd. is a children’s hospital specializing in high-risk maternity and neonatal and paediatric intensive care. Surya Children’s Medicare was established in 1983 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Ki Mobility Solutions

Chennai, India

Ki Mobility Solutions is an integrated automotive aftermarket player involved in the sale of parts & accessories and provision of maintenance & repair services through a unique online-to-offline business model. Ki Mobility Solutions is based in Chennai, India.

Buy -
SELLER

International Finance

Washington, District of Columbia, United States

Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 2
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 1 of 2
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Lottus Education

Distrito , Mexico

Lottus Education is a tech-powered consolidation platform of higher education in Mexico. Through its operating brands, Lottus Education offers high-school, undergraduate, and graduate educational programs and services, online and on-campus in Mexico. Lottus Education has more than 45,000 enrolled students, including over 20,000 digital students, nationwide. Lottus Education was founded in 2015 and is based in Distrito, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Tata 1mg

New Delhi, India

Tata 1mg is an online pharmacy network and medicine search engine that allows users to order medicines and book for diagnostic test. Tata 1mg was founded in 2012 and is based in New Delhi, New Delhi.

Sell -