DOTmed February 27, 2025
KKR has signed an agreement to acquire a controlling stake in Healthcare Global Enterprises (HCG), one of India’s largest oncology hospital chains, from CVC Capital Partners.
The deal, valued at approximately $400 million, will make KKR the largest shareholder in HCG, with an equity stake expected to be between 54% and 77% upon completion.
As part of the agreement, KKR will acquire up to 54% of HCG’s shares from CVC Asia V at INR 445 per share. In compliance with India’s Securities and Exchange Board (SEBI) regulations, KKR will also launch an open offer to purchase additional shares from public shareholders.
Founded in 1989, Bengaluru-based HCG operates 25 cancer care centers across 19 cities in India. Its network includes 2,500...
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