PE Fund Investments
Health insurer Niva Bupa attracts Rs.500-Cr via secondary deal led by A91 Partners
Private health insurer Niva Bupa has attracted INR 500 crore via a 100% secondary transaction led by A91 Partners (which is investing around INR 350-400 crore) at an enterprise valuation of INR 15,000 crore.The round also saw participation from a few family offices. Investment bank I-Sec is the advisor to the deal which gives some of Niva Bupa’s existing shareholders an exit.
Between Feb-19 and Oct-23, Niva Bupa had raised about USD 197 M from Paragon Partners, Motilal Oswal Alternates,Temasek, MGA Ventures, Faering Capital,TrueNorth and others.
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