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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC acquires minority stake in Vasan Healthcare; Amarchand, AZB and HSB advise

Posted on 20 March 2012

Government of Singapore Investment Corporation (GIC), the sovereign wealth fund of Singapore, has invested $100 million (Rs. 500 crore) for a minority stake in Vasan Healthcare, which is in the business of providing outpatient driven dental and eye care health services.
The deal involved a primary and secondary investment by GIC into Vasan Healthcare. The secondary transaction involved purchase of securities by GIC from Sequoia Capital, the promoters of Vasan Healthcare and a few other key employees and doctors engaged by Vasan Healthcare………………………………………..Full Article: Source


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