Permira to acquire True North’s 25.71% stake in maternity clinic chain Cloudnine

London-headquartered private equity firm Permira (through Luxembourg.-based NuageLux BidCo) is to acquire a 25.71% stake in Kids Clinic India, the parent company of Cloudnine Hospitals , from its existing PE investor True North. The transaction values the maternity and paediatric hospital chain at approximately INR 11,000-Cr.Founded as a maternity and paediatric hospital chain, Cloudnine is currently in the process of acquiring Apollo Specialty Hospitals and Apollo Fertility Centre from Apollo Health and Lifestyle.