KKR, OTPP, Care, others look to buy into Aster India biz
Mint Mumbai|December 12, 2023
Private equity (PE) firm KKR & Co., Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) and Blackstone-backed Care Hospitals have submitted non-binding term sheets to acquire a stake in the Indian business of Aster DM Healthcare Ltd, two people aware of the matter said. One of the two people said Hong Kong-based investment firm BPEA EQT has also presented a term sheet.
Ranjani Raghavan
KKR, OTPP, Care, others look to buy into Aster India biz

Mint had reported on 28 November that Aster DM Healthcare sold its gulf business to Fajr Capital and the Moopens, the founding family of Aster DM.

KKR, which is believed to be in advanced talks with Aster DM for the India deal, may initially acquire 20-25% stake, but may purchase more later, the people said. The suitors have presented different deal models to pursue the transaction.

A third person aware of the transaction said on the condition of anonymity that the Moopens prefer to close the sale of the GCC (Gulf Cooperation Council) unit before pursuing a stake sale in the Indian operations. The sale of the Gulf business is expected to close by March 2024.

هذه القصة مأخوذة من طبعة December 12, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 12, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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