veda  
chennai . bangalore . hyderabad
www.vedacorp.com
 
 

new deal
announcement
25.01.2012

We are pleased to announce that Olympus Capital Asia Investments Ltd ("Olympus") has made an investment of over Rs. 500 Crores for a minority stake in our client DM Healthcare Private Limited ("DM Healthcare"). The transaction is a combination of investment into DM Healthcare for growth and expansion of the Company in India, and part purchase of the existing investor, India Value Fund’s ("IVF") shareholding in the Company. The transaction is one of the largest private equity investments to be made in an Indian healthcare business in recent times.

Veda Corporate Advisors ("Veda") was the exclusive advisor to DM Healthcare in the transaction. Veda had also advised the Company in its previous round of fundraising from IVF in 2008. Further, Veda was actively involved in the process of consolidating business operations of over 130 hospitals, clinics and pharmacies owned/managed by Dr. Azad Moopen in various Gulf Co-operation Council countries and in India under a group holding structure to facilitate these investments.

 
 
DM Healthcare   About DM Healthcare

DM Healthcare is one of the largest healthcare service providers in the Gulf Cooperation Council countries, with a rapidly expanding presence in India. Established in 1987, the Company is promoted by Padma Sri. Dr. Azad Moopen.

DM Healthcare owns and manages the ASTER and MEDCARE brands of hospitals, clinics and pharmacies in the UAE, Qatar, Oman and Saudi Arabia. In India, the Company is in partnership with Malabar Institute of Medical Science (MIMS), one of the leading tertiary care hospitals in Kerala, a leading secondary care hospital in Kolhapur, and one of the leading hospitals in Pune. DM Healthcare is also building a large 540 bed quaternary care hospital complex, ASTER Medcity, in Kochi, Kerala.

 
 
Olympus Capital Holdings Asia   About Olympus Capital Holdings Asia

Olympus Capital Holdings Asia is a leading regional mid-market private equity firm focused on Asia. Founded in 1997, the firm has successfully invested approximately USD 1.5 billion on behalf of its funds and co-investors in over 35 portfolio companies throughout Asia, including India, China, Japan and South Korea.

With a team of experienced investment professionals and advisors located in Hong Kong, New Delhi, Shanghai, Seoul, Tokyo and New York, the firm seeks to leverage its regional platform to help its portfolio companies drive cross-border expansion, in addition to helping companies grow in their home markets

Olympus is an international investment company backed by funds managed by Olympus Capital Holdings Asia.

 
 
India Value Fund Advisors   About India Value Fund Advisors

India Value Fund Advisors (“IVFA”) was established in 2000 and manages over USD 1.3 billion in assets across four funds.

IVFA’s investment strategy is to acquire majority / significant minority stakes in mid-size companies in India to build high growth and enduring businesses, which are admired by all stakeholders. An in-house business management team, with deep operating experience, supports IVFA’s unique value creation approach of partnering with portfolio companies to transform businesses. IVFA’s investments include a diverse range of industries such as healthcare, retailing, outsourced services, consumer products and services, media & entertainment and manufacturing.

 
Veda is a leading investment bank providing focused advisory services to companies and entrepreneurs. We offer independent advice and customised solutions on private equity fund raising and M & A. With a dedicated and experienced team spread across offices in Chennai, Bangalore and Hyderabad, Veda brings together rich experience in handling a variety of transactions.
 
For further information, please contact:

M. Shajith Kumar
Vice President
shajith@vedacorp.com
+91 44 43535400
V. P. Rajan
Senior Associate
rajan@vedacorp.com
+91 44 43535400
 
© 2012 veda corporate advisors private limited