PE Fund Investments
IVF chain Oasis raises $50-M from Kedaara; InvAscent exits
Private Equity firm Kedaara Capital has invested USD 50 million to acquire a significant minority stake in Hyderabad-based Oasis Fertility (operated by Sadguru Healthcare Services Pvt Ltd). The transaction has provided an exit to InvAscent. O3 Capital acted as the exclusive financial advisor for the transaction. Samvad Partners was the legal counsel to Oasis. Quillon Partners acted as legal counsel to InvAscent and Veritas Legal acted as legal counsel to Kedaara Capital. Kedaara has also committed to deploy further capital for the firm's strategic acquisitions in India and adjacent markets. Founded in 2009, Oasis has 26 clinics across 16 cities and has doubled its revenues in the last three years. The company also runs an in-house training academy, Oasis School for Human Embryology and Reproductive Medicine (OSHERM), which claims to have trained over 200 medical professionals.
From the Venture Intelligence PE-VC Deal Database: Between Oct-16 and Dec-19, Oasis had raised about USD 6 M from InvAscent. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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