General Atlantic buys majority stake in hospitals group Ujala Cygnus thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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The deal is currently in documentation stage, and is expected to be finalised within the next few weeks. EY s investment banking arm is advising on the stake sale.
Private equity firm General Atlantic is set to acquire an about 70% stake in Ujala Cygnus Healthcare Services, a multi-specialty hospital chain based in Delhi ..
GA will acquire about 51% stake held by existing investors - Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund. Besides the secondary transaction, GA will also acquire a small minority stake from the promoters along with a primary stake, sources said.