Investcorp sells stake in India’s second-largest eye hospital chain – The National

Investcorp sells stake in India’s second-largest eye hospital chain – The National

Investcorp, Bahrain's alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, has sold its stake in ASG Eye Hospital, the second-largest eye care hospital chain in India, as it continues to realise investment gains on mature assets and explore new investment opportunities.

The sale of Investcorp's shareholding to General Atlantic and Kedaara Capital is part of a growth capital funding round of 15 billion India rupees ($188 million), the company said in a statement on Monday. It did not give financial details of the transaction or the size of the stake sold.

The financing round is India’s biggest private equity funding in the eye care sector and one of the largest private equity transactions in the single speciality healthcare industry in the country, the company said.