Manipal Health Enterprises invests in Ankur Healthcare
May 16, 2013 | TEAM VCC
Post the deal, Ankur will expand from 4 centres to 12 over the next 18-24 months.
Post the deal, Ankur will expand from 4 centres to 12 over the next 18-24 months.
The company raised $5.46 million from Matrix India Fund in 2012 for 20 per cent stake.
Last year, media reports suggested that TA Associates was acquiring a controlling stake in the BPO, but according to the promoter, it is only market speculation.
In 2010, Metropolis got an investment of $85 million from Warburg Pincus.
PE deals in the healthcare space hit an all-time high in CY2012, bucking the overall trend in the Indian private equity funding landscape.
RG Stone, which raised capital from ICICI Venture and gave it an exit a few years ago, has India Equity Partners as a large minority shareholder.
The fund is looking to sew a few deals in the country from its new emerging markets fund, which is expected to complete fundraising by the end of 2013.
Private equity firm TVM Capital MENA, part of the TVM Capital network, owns 70% stake in Bourn Hall International.
Twin issues will allow promoters to meet the minimum public holding norm besides raising cash for the company.
Avinash Kenkare, partner at Somerset Indus Capital, has joined the board of Cygnus as part of the investment.