Reghu Balakrishnan

Advent International, Blackstone and Carlyle are bidding to buy a majority stake in Access Healthcare, a Texas-based healthcare BPO. Hillhouse Investment is also in the fray. These firms will submit non-binding offers by mid-December for a 60-70% stake, valuing the company at $1.4-1.5 billion. The deal's specifics will be finalized in subsequent negotiations.

Some of the biggest buyout groups such as Advent International, Blackstone and Carlyle are competing to acquire a majority stake in Texas-headquartered healthcare BPO Access Healthcare, said people aware of the development.

Kotak Pre IPO Opportunities Fund is in advanced talks to acquire a 15% stake in Neuberg Diagnostics for approximately Rs 450 crore. Neuberg's chairman, GSK Velu, plans to use the funds for acquisitions and expansion before a potential IPO next year. The diagnostics chain operates in multiple countries and processes millions of patient samples annually.

EQT Partners, a Swedish private equity firm, has invested significantly in India, deploying $6 billion in 18 months and realizing $2.4 billion in 24 months. They plan to expand into infrastructure, real estate, and industrial technology, with a focus on buyouts.

Synopsis Alvarez & Marsal (A&M) is bolstering its corporate finance team in India, appointing Mohit Khullar as managing director. A&M plans to double its corporate finance staff to 40 professionals within two years, focusing on sectors like healthcare and manufacturing. The firm has previously advised on major deals, including Tata Sons' acquisition of Air India and ArcelorMittal's buyout of Essar Steel.

MAM will begin the sale process by early next year and plans to appoint a banker by the end of this month, said the sources cited above. It had acquired the rights to manage the 648km-long national highways in Andhra Pradesh (AP) and Gujarat from the National Highway Authority of India (NHAI) in 2018.

Synopsis 3 binding bids submitted for EQT & Temasek's renewable portfolio; enterprise value of around $1.5b less than seller's expectations.

GIC has increased its stake in Asia Healthcare Holdings (AHH) with a $150 million investment, bringing its total investment to $320 million and gaining majority ownership. AHH, incubated by TPG Growth, operates a network of single-specialty hospitals in South Asia focusing on oncology, mother & childcare, urology & nephrology, and IVF & fertility.

Ontario Teachers' Pension Plan (OTPP) is in advanced discussions to acquire a majority stake in Omega Healthcare Management Services for $1.7-1.8 billion. OTPP plans to invest $700-800 million, potentially partnering with Goldman Sachs, who currently holds a significant stake. This move highlights the growing private equity interest in healthcare BPOs amidst rising healthcare costs and complex regulations.

Canadian pension fund Ontario Teachers' Pension Plan (OTPP) is in advanced talks to acquire a majority stake in Omega Healthcare Management Services, valuing the US-based healthcare BPO at $1.7-1.8 billion inclusive of debt, said two people aware of the development.