KKR Acquires 49 % Stake in Radiant Life Care for Rs 1,288 Cr

Global investment firm KKR will invest approximately US$200 million (Rs 1,288 crore) to acquire a 49% stake in hospital management company Radiant Life Care, the company said. Working together, KKR, Radiant’s management team and the Company’s promoter, Abhay Soi, Chairman and Managing Director of Radiant, will expand the Company’s footprint across India to make high-quality health care services more accessible to customers across the country and from overseas.

KKR’s investment in Radiant continues the firms’ partnership, as KKR has previously extended financing to Radiant to support the Company’s growth.  “As a student of finance, I once dreamt of working for KKR, and therefore partnering with them today is a watershed moment for me. KKR has been a long-term partner to Radiant and we are very excited to deepen our relationship with the firm, which shares our vision for health care excellence in India. KKR has more than two decades of experience investing in and working alongside health care companies, and with their expertise, we look forward to expanding our business. I welcome Sanjay and Nikhil on our board and the immense value they bring to us,” said Soi.

KKR makes the proposed investment from its KKR Asian Fund III the …

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