GIC Invests $170 Million in TPG-Backed Health Firm
Singapore’s sovereign wealth fund GIC is investing $170 million (nearly Rs 1,300 crore) in TPG Growth-backed healthcare delivery platform Asia Healthcare Holdings (AHH), making it one of the largest PE deals in the hospital space in recent years.
The transaction values the Bangalore-based company at around Rs 3,500 crore, industry experts told TOI. After the transaction, GIC will pick up a minority stake in the company, while AHH will continue to hold a majority stake, sources close to the development said.
- Health Care