your password has been reset successfully, Please login again.

KKR to acquire 49% stake in Radiant Life Care for $200 million

KKR is in talks with Radiant Life Care for the acquisition of 49% stake for an amount of $200 million.
BY BEx Bureau
BusinessEx
Jul 18, 2017

Private Equity investor KKR had also previously lent Rs 450 crore to the healthcare based company Radiant and now in process to endow more funds via KKR Asian Fund III, investor firm released the statement.

Abhay Soi, Chairman of Radiant Lifecare, KKR has more than two decades of experience in investing and working alongside healthcare companies. With the expertise, we look forward to expanding our business.

This is an exciting time for healthcare in India, given the growing demand for superior medical treatment. In this industry, scale and operating leverage are increasingly important, and Radiant has a unique opportunity to acquire assets during a time of industry consolidation. KKR is focused on providing long term capital solutions to experienced healthcare partners like the radiant team to continue their work to deliver high-quality care and services, said Sanjay Nayyar, CEO of KKR India in his statement.

Please add your Comment
SIMILAR News
December 07, 2017
POS solutions provider Mswipe raises $10 million funding in Series D round led by B Capital Group an ...More
By Akshay Arora
December 07, 2017
Expense management startup Happay backed by SEquia Capital, other investors with a funding of Rs 65. ...More
By Akshay Arora
December 06, 2017
Personalised task management startup Dunzo raised 412 million funding from Google under Next Billion ...More
By Akshay Arora
December 06, 2017
Flintobox which delivers child lerning kit has raised $7 million funding from venture capital firm L ...More
By Akshay Arora
December 05, 2017
Furniture and home appliances renting startup Rentickle secures $4 million funding from VC firms and ...More
By Akshay Arora
December 05, 2017
Bagalore-based home rental startup raises $50 million funding from UC-RNT Fund. ...More
By Akshay Arora
December 03, 2017
AEON Learning acquires edtech firm Acadgild for $1o million in an all stock deal. ...More
By Akshay Arora
November 30, 2017
Cisco Chairman John Chambers backs Uniphore Systems in exchange for 10 per cent stake in the firm. ...More
By Akshay Arora
November 29, 2017
Student accommodation startup Stanza living raises Rs.13cr funding from Matrix Partners and Accel Pa ...More
By Akshay Arora
November 29, 2017
Fitness startup MobieFit raises funding of $1.35 million from Dubai-based venture capitalist NB Vent ...More
By Akshay Arora
November 28, 2017
Agritech startup Krishihub raises seed funding from IIT Kanpur INVENT accelerators and Villgro Innov ...More
By Akshay Arora
November 27, 2017
IoT and SaaS technology transportation startup TempoGo raises Rs 1.6 crore ($250k) funding from Sing ...More
By Akshay Arora