PE Fund Investments
Kedaara Capital acquires majority stake in Oliva Skin & Hair Clinic; InvAscent exits
Kedaara Capital has acquired a majority stake in Hyderabad-based Sreyas Holistic Remedies Pvt Ltd (SHRPL) which provides dermatology services under the brand Oliva Skin & Hair Clinic. The transaction will provide an exit to InvAscent, which invested in the company in 2014. Avendus was the exclusive financial advisor for the transaction. Oliva runs a network of 23 centres across seven cities offering skin and hair treatments and products.
From the Venture Intelligence PE-VC Deal Database: In Feb-2014, InvAscent had invested INR 40 Cr in Oliva. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Private Company Financials Database: In FY22, Oliva had reported an Income from Operations of about INR 73 Cr - up from the about INR 51 Cr in the previous year. (Subscribers to the database can login to view the detailed financials.)
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