Update: TA Associates To Buy 15% Stake From Sequoia In Dr Lal Pathlabs
US-based PE firm TA Associates is in talks to buy 15% stake in Dr Lal Pathlabs from Sequoia Capital for around Rs.170 Cr. Sequoia Capital holds 30% stake in Dr Lal.
The deal will value Dr Lal Pathlabs at around Rs.1130 Cr.
TA Associates that manages assets of around $16 bn has investments in companies such as BPO firm GlobeOp Financial Services, Idea Cellular and Micromax Informatics.
The diagnostics space in the country has been witnessing a lot of fund-raising and deal action in the recent past. Super Religare Laboratories (SRL) in July bought out Piramal Healthcare’s diagnostic chain for around Rs.600 Cr, while Warburg Pincus invested $85 mn in Metropolis Healthcare in June.
Transaction Reference: ET
Also See: Sequoia to Sell 15% Stake in Dr LaL PathLabs
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 25/08/10 | Sequoia Capital - Dr Lal Pathlab - TA Associates | Private Equity | TA Associates Inc. | 35.00 |
| 02/06/05 | Dr. Lal - Sequoia Capital India | Private Equity | Sequoia Capital India | 9.70 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 07/02/12 | Private Equity | IDFC Private Equity | Sahyadri Hospitals Limited | 61.17 | Planned |
| 06/02/12 | M&A | Nova Medical Centers Private Limited | Helios Hospitals Private Limited | - | Completed |
| 01/02/12 | M&A | Fortis Healthcare Limited | RadLink-Asia Pte Ltd | 63.51 | Completed |
| 01/02/12 | Private Equity | Looking For | Perfint Healthcare Private Limited | 20.34 | Planned |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Sequoia Capital India | BFSI Healthcare Retail Infrastructure |
http://www.sequoiacap.com | Rajiv Sabharwal Mohit BhatnagarSumir ChadhaGautam MagoShailesh LakhaniPorko ElangoAbhay Kumar PandeyK P. BalarajShailendra SinghSurendra JainG V RavishankarV T BharadwajNikhil BalaramanTaru Kapoor | |
| TA Associates Inc. | 16000 | Healthcare Telecom IT/ITES/Technology Consumer Goods BFSI |
www.ta.com | Naveen WadheraNaveen WadheraSaiyid S HamidAditya SharmaAjit NedungadiAbhiroop Jayanthi |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Dr. Lal PathLabs Private Limited | Arvind Lal & Family | Eskay House 54, Hanuman Road, New Delhi,110001. |
Metropolis Health Services India Limited Dolphin Medical Services Limited |
www.lalpathlabs.com |
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