January 2016, Business
Dr. Agarwal’s Group of Eye Hospitals has secured $45 million from Hong Kong-based private equity firm Adv Partners. The exercise, which is described as one of the largest PE deals in the eye-care segment, is expected to help the healthcare firm expand its network of eye hospitals in India and abroad over the next four years.
Of the $45 million investment, an undisclosed sum will be utilised to give an exit to their existing investors, Evolvence India. As a result of the deal, Suresh Prabhala, the Singapore-based partner of Adv will be inducted into the board shortly.
Veda Corporate Advisors acted as the exclusive financial advisors to Dr. Agarwal’s and its shareholders in the transaction.