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General Atlantic acquires stake in KIMS Hospitals for $130 million

General Atlantic's entry has paved the way for exit of ICICI Ventures, which had invested Rs 2.2 billion in the company in 2014

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BS Reporter Hyderabad
Krishna Institute of Medical Sciences (KIMS Hospitals), a large healthcare group with a sizeable presence in Telangana and Andhra Pradesh, announced on Wednesday that it has received a strategic growth investment from General Atlantic.

As part of the transaction, the global growth equity firm has invested over $130 million in a combination of primary capital and secondary purchases, to acquire a significant minority stake in the company, its management said. While a major chunk of this money goes to ICICI Ventures as it has sold its entire 30 per cent stake to General Atlantic, the promoters have sold a small percentage

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First Published: Jun 27 2018 | 6:52 PM IST

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