Private Equity

PE Fund Investments

Norwest acquires 40% in Regency Healthcare for Rs.600-Cr: report

Economic Times  

Norwest Venture Partners has acquired a 40% stake in Kanpur-based Regency Healthcare for INR 600 crore. The deal provides an exit to International Finance Corporation (IFC) and HealthQuad which had invested a total of about USD 14 million in Regency in 2016. Regency Healthcare is promoted by Atul Kapoor, a doctor based in Kanpur. The company operates a 1,000-bed hospital in the city besides having a joint venture with Germany's Fresenius Medical Care to run a network of dialysis clinics. Fresenius is a global market leader in management of end-stage kidney disease.