Radiant Life Care backed by KKR acquires Max Healthcare

Wednesday, Dec 26, 2018

Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited.

The acquisition will be undertaken through a series of transactions, including Radiant’s purchase of a 49.7% stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all cash deal, followed by demerger of Radiant’s healthcare assets into Max Healthcare which will result in KKR and Radiant promoter Abhay Soi together acquiring a majority stake in Max Healthcare.

Upon closing of the transaction, Abhay Soi will lead the combined company as its Chairman, supported by a strong leadership team.

In the final entity, KKR will have majority stake with 51.9% stake and Abhay Soi will have 23% stake. Analjit Singh, the founding promoter of Max India will be classified as non-promoters in the merge entity and finally settle with 7% stake after selling 4.99% stake to KKR in the merged entity as per the company announcement.



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