TPG to sell Manipal Health stake, promoter buyback plan fails
2 years, 3 months ago

TPG to sell Manipal Health stake, promoter buyback plan fails

Live Mint  

MUMBAI : Private equity firm TPG has approached investors to sell its stake in Bengaluru-based Manipal Health Enterprises Ltd, after a proposed promoter buyback of TPG’s stake in the hospital chain stalled, three people with knowledge of the development said. For sugar stocks, ethanol prices must hit sweet spot Debt funds roiled, but fund houses are okay TPG first acquired a 24.75% stake in Manipal Health for ₹900 crore in 2015. In 2017, Singapore government investment firm Temasek Holdings acquired approximately 18% of Manipal Health from PE firms True North and Faering Capital, which valued the hospital chain at an enterprise valuation of $1.14 billion. TPG, which currently holds around 21% of Manipal Health after stake dilution in the previous funding rounds, did not respond to a request for comment.

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History of this topic

Temasek unit takes control of Manipal
1 year, 8 months ago

Temasek unit takes control of Manipal

Live Mint  

MUMBAI : Sheares Healthcare, a unit of Singapore’s Temasek, has agreed to buy a controlling stake in Manipal Health Enterprises, raising its ownership from 18% to close to 59% for about ₹16,400 crore, two people with knowledge of the development said. TPG, an existing shareholder of Bangalore-based hospital chain Manipal Health Enterprises, will sell 11% of its 21% stake, valuing …

Temasek set to buy TPG’s Manipal stake
2 years ago

Temasek set to buy TPG’s Manipal stake

Live Mint  

Temasek Holdings-owned Sheares Healthcare India has submitted the highest bid for TPG Inc.’s nearly 21% stake in Manipal Health Enterprises Pvt. The Singapore government’s investment firm Temasek already owns around 18.1% stake in Manipal Health, while the Indian sovereign fund National Investment and Infrastructure Fund holds around 8% stake. Temasek entered Manipal Health in 2017 when it bought out private …

Manipal Hospitals to Acquire 100% Stake in Columbia Asia Hospitals, Combined Entity to Have 27 Hospitals in India
4 years, 1 month ago

Manipal Hospitals to Acquire 100% Stake in Columbia Asia Hospitals, Combined Entity to Have 27 Hospitals in India

News 18  

Manipal Hospitals would acquire a 100 percent stake in Columbia Asia Hospitals Private Limited that has 11 hospitals in India, spread across seven cities. “We are very pleased to welcome Columbia Asia Hospitals to the Manipal family and proudly acknowledge their outstanding track record of healthcare delivery of a very high standard over the years,” Ranjan Pai, Chairman of Manipal …

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