PE Fund Investments
Eyecare chain Centre for Sight attracts $100-M from ChrysCapital; Mahindra Partners exits
ChrysCapital is to invest USD 100 million in New Delhi-based eyecare chain Centre for Sight in return for a significant minority stake. As part of the transaction, ChrysCapital will purchase the entire stake held by Mahindra Holdings.Founded in 1996 by Dr. Mahipal S. Sachdev, Center for Sight has a strong presence particularly in North India, and claims to treat more than 1.5 million patients annually. It currently has 83 centres across India.From the Venture Intelligence PE-VC Deal Database: Mahindra Partners had invested over INR 200 crore in Centre For Sight in May 2019. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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