Olympus Capital Asia to Lead US$65 Million Financing Round for Aster DM Healthcare (Asia)
Source: The Economic Times | Author(s): Arijit Barman, Madhav Chanchani
Private equity firm Olympus Capital Asia will lead a US$65 million financing round for India-based hospital chain Aster DM Healthcare. India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, will also participate in the transaction. Post-investment, IVFA and Olympus Capital Asia’s collective stake in the company will increase from 37 percent to 42 percent. This is the third round of funding for the hospital chain, which raised INR1.75 billion (approximately US$44 million) from IVFA in 2008, followed by an INR5 billion (approximately US$100 million) financing round in 2012 led by Olympus Capital Asia.