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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC to pump $100mln in Vasan Healthcare

Posted on 28 July 2011

Vasan Healthcare has almost closed a private equity deal of around $100 million from Singapore’s sovereign fund GIC. The company, which wants to raise a total $150 million through pre-IPO placement, is also in talks with a few other private equity firms, including Warburg Pincus, for the remaining funds.
According to a person, privy to the development, GIC is expected to make the investment in tranches. The fast-growing daycare services company had an early stage funding of $50 million from Sequoia Capital India. The pre-IPO placement will be used to fund the company’s growth plans till March 2012……………………………………….Full Article: Source


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