Cygnus Healthcare to be acquired by General Atlantic
Amar Ujala's hospital chain, Ujala Cygnus Healthcare Services is set to be acquired by global private equity major General Atlantic (GA). The latter would acquire a 70% stake in Ujala Cygnus Healthcare. The deal values the chain at about Rs1600 crore.
As per the information, GA will acquire about 51% of the stake held by existing investors - Eight Roads Ventures India, Evolvence India Fund, and Somerset Indus Healthcare Fund. Further, GA will also acquire a small minority stake from the promoters along with a primary stake, added sources.
Also Read: Starlit Medical Centre To Be Acquired By Max Healthcare, Deal Values Rs 940 Crore