private equity

Demographics, economic growth and government initiatives are bolstering demand to provide more investment into India's healthcare infrastructure, as overall PE sentiment in the region improves.

The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.

The newly created role for the former CEO of Bajaj Electricals is aimed at improving the PE firm's portfolio firms across India and Southeast Asia.

PE firm Affinity Equity Partners has sold its 78% stake in the Penang-based private hospital, as medical tourism booms in Malaysia.

The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.

The acquisition of the Mumbai-headquartered pharmaceutical business was led by Platinum Equity's Asia investment team in Singapore.

EQT invests in Australian tech education firm Compass; HKEX's H1 2024 results; iron ore slowdown sees BHP diversify; Canada to slap tariffs on Chinese EVs, steel and aluminium; HKIC invests in Thailand.

The deal is expected to close by the end of Q1 2025 with its shares to stop trading on the NYSE; majority shareholders TPG and KKR have approved the deal. EQT has also bought a Korean plastic recycler and is looking to raise $12.5bn for a fund.

The $1.6bn fundraise more than doubled the fund’s target size of $750m. The mid-market strategy will focus on the technology, services and healthcare sectors, prioritising India, SE Asia, Japan and Australia.