General Atlantic Acquires 30 Percent Stake in KIMS Hospitals from ICICI Venture for US$125 Million (Asia)
Source(s): Economic Times | Author(s): Divya Rajagopal
India-focused private equity firm ICICI Venture Funds Management has exited its 30 percent stake in India-based hospital chain Krishna Institute of Medical Sciences (KIMS Hospitals) to global growth equity fund manager General Atlantic for INR8.5 billion (approximately US$125 million). ICICI Venture invested INR2.2 billion (approximately US$37 million) in 2014 in KIMS Hospitals, which operates six hospitals in the states of Telangana and Andhra Pradesh.