TPG in advanced talks to acquire 40% in Dr Agarwal’s Health Care
Global private equity firm TPG Capital is in advanced stages of discussions to acquire a significant minority stake in Dr Agarwal’s Health Care Limited, which owns India’s largest chain of eye care hospitals Dr Agarwals Eye Hospital, said multiple people aware of the developments.
TPG is likely to acquire about 40% stake in Dr Agarwal’s Health Care, including a 32% stake held by existing investor ADV Partners and additional primary capital deployment, one of the sources said.
The deal will value Dr Agarwal’s at ₹2,200 crore, or about $300 million, the person said.
The investment will be made through the PE’s growth equity platform TPG Growth, sources said.
Spokespersons with Dr Agarwal’s and TPG declined to comment, while mails sent to ADV Partners did not elicit any response till press time on Tuesday.