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Bain Capital plans to endow $250 Million in Star Health

Bain Capital is looking forward to invest in Star Health and Allied Insurance and this could be the largest equity deal in insurance space.
BY BEx Bureau
BusinessEx
Jun 16, 2017

Marque PE fund Bain Capital might invest in Star Health and Allied Insurance a whopping amount of $250 Million makes the single largest equity deal in the insurance space. The transaction will be counted as a pre-IPO round of funding and include buying shares which were earlier held by other financial investors like Sequoia Capital, ICICI Venture, TATA Capital and Oman Insurance Co. if the deal is finalized.

The deal is said to be the biggest of its kind and also precede the pre IPO placement of ICICI Prudential.

Bain Capital also played a major role in investment in Indian sectors. The Boston-based company which current value estimates to $75 billion globally has invested $1.5 billion in various segments in India. The company is also in talks to buy Aspire Home Finance with an estimated amount of Rs 700-800 crore.

Healthcare Insurance company Star Health estimates growth rate with a CAGR of 35-40%. The company has seen the increase in their gross premium income of 47.58%. The company currently covers 2.33% of market share in general insurance sector.

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