PE Fund Investments
Eyecare chain Dr Agarwals raises over Rs.1,050-Cr led by TPG Growth; ADV exits
Press Release, Advisor Announcements
Chennai-headquartered Dr Agarwals Health Care Limited, the largest eye care chain in India and Africa, has raised INR 1,050 crore in a “Series D†investment from TPG Growth and existing investor Temasek. The round saw the exit of ADV Partners, which had invested as part of the Series B round in 2016. Veda Corporate Advisors was the financial advisor to the company, its promoters and ADV Partners on this transaction. Avendus Capital also advised Dr. Agarwals on the deal. Dr Agarwals - which is a promoter company of publicly listed Dr. Agarwals Eye Hospitals - operates 100+ centres across 11 countries and 12 Indian states.
From the Venture Intelligence PE-VC Deal Database: Between Jul-11 and Feb-19, Dr Agarwals had raised over USD 100 M from Temasek; ADV Partners; and India Life Sciences Fund (which Fully Exited in 2016). It has also raised debt funding from CDC Group. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
