022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 11 March 2010

Fortis To Acquire 23.9% Stake in Singapore's Parkway Holdings

by Jarna Gandhi
Fortis To Acquire 23.9% Stake in Singapore's Parkway Holdings
Share on Social Media Email Facebook Twitter Linkedin
 
@jarna
Fortis Healthcare Limited plans to acquire 23.9% stake in Singapore-based Parkway Holdings Limited from TPG Capital in an off market deal for an undisclosed sum.

However, the deal size is rumored to be around $685mn.

Royal Bank of Scotland Plc and Goldman Sachs Group Inc. advised TPG.

Fortis intends to seek four seats on the board of directors of Parkway and also to nominate Malvinder Mohan Singh (current Chairman of Fortis Healthcare) as the Chairman of the Board of Directors of Parkway.

Transaction Reference: BS
{TAG_8735_1268311116}

IL&FS Transportation Networks Raises Rs 126cr From Anchor Investors

IL&FS Transportation Networks Raises Rs 126cr From Anchor Investors

IL&FS Transportation Networks Limited has raised Rs 126cr from 17 anchor investors by issuing 4.88mn shares at the rate of Rs 258per share.

Read More...

Delta Corp Seeks To Exit Advani Hotels & Resorts India

Delta Corp Seeks To Exit Advani Hotels & Resorts India

Gaming and hospital firm, Delta Corp is planning to sell its 35.6% in Advani Hotels and Resorts India and has mandated Yes Bank for the same.

Read More...