M&A Deal Summary

Investcorp Acquires Nephrocare Health Services

On November 25, 2019, asset manager Investcorp acquired healthcare services company Nephrocare Health Services from SeaLink Capital Partners and International Finance for 45M USD

Acquisition Highlights
  • This is Investcorp’s 4th transaction in the Healthcare Services sector.
  • This is Investcorp’s 31st largest (disclosed) transaction.
  • This is Investcorp’s 4th transaction in India.

M&A Deal Summary

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

Target

Nephrocare Health Services

Hyderabad, India
Nephrocare Health Services is a dialysis provider network offering highest quality dialysis services. NephroPlus has 75 centers currently across 15 states in India performing 600,000 treatments per year. Nephrocare Health Services was established in 2009 and is based in Hyderabad, India.

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Buyer(S) 1

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 145 of 176
Sector (Healthcare Services) 4 of 5
Type (Secondary Buyout) 51 of 58
Country (India) 4 of 9
Year (2019) 10 of 10
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, India.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Fortune Fish & Gourmet

Bensenville, Illinois, United States

Fortune Fish & Gourmet is a fresh and frozen seafood and specialty food distributor servicing fine restaurants, hotels, country clubs and grocers. Fortune operates a state-of-the art facility in Bensenville, Illinois, located in close proximity to Chicago’s O’Hare International Airport, which enables timely delivery of products across key Midwestern MSAs. In addition to its Bensenville facility, Fortune operates facilities in Minneapolis, Minnesota; St. Louis, Missouri; Kansas City, Missouri; Bayou La Batre, Alabama; Birmingham, Alabama and Picayune, Mississippi. Fortune Fish & Gourmet is formed in 2001 and is based in Bensenville, Illinois.

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) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (India) 1 of 1
Year (2019) 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 1
Sector (Healthcare Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (India) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-27 1MG Technologies

Gurgaon, India

1MG Technologies is an online pharmacy network and medicine search engine that allows users to order medicines and book for diagnostic test. 1MG Technologies was founded in 2012 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 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 -