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GIC picks majority stake in Asia Healthcare
Mint Kolkata
|December 19, 2024
GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering
Singapore sovereign fund GIC will invest an additional $150 million in Asia Healthcare Holdings (AHH) ahead of a potential initial public offering (IPO). The investment will make GIC the largest shareholder in AHH, and follows GIC's first investment of $170 million in the platform in February 2022.
The investment will likely value AHH at $800-900 million, according to a person aware of the development.
With the latest transaction, global private equity firm TPG will transition to a minority stakeholder in the healthcare platform, and GIC will hold the majority stake, according to the healthcare platform's release on Wednesday.
Cette histoire est tirée de l'édition December 19, 2024 de Mint Kolkata.
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