TPG and Waverly Acquire Shares in Ainu

  • The Competition Commission of India (CCI) has approved the acquisition of a stake in the Asian Institute of Nephrology and Urology Private Limited by TPG Growth V SF Markets Pte. Ltd. and Waverly Pte. Ltd. through Asia Healthcare Holdings Pte. Ltd. 
  • The proposed combination involves the acquisition of fresh Redeemable Preference Shares (New RPS) in Asia Healthcare Holdings Pte. Ltd. (AHH) by TPG Growth V SF Markets Pte. Ltd. and Waverly Pte. Ltd. (Waverly) and subsequent acquisition of the majority shareholding in AHH by AHH. 
  • AHH is a Singapore-incorporated company primarily engaged in long-term investment holding activities and provides healthcare services in India. 
  • AHH is a single-specialty center in South India specializing in urology care, nephrology care, dialysis and kidney transplant, radiology, and pathology services.
Posted in Current Affairs.