India’s largest multispecialty hospital network by bed capacity opened more than 10% above its offer price. In another deal, KKR has acquired Hyderabad-based hospital chain Medicover Hospitals India, as the country’s private healthcare market grows.
As part of the agreement, KKR will acquire $820m of newly issued Samsung SDS convertible bonds; Samsung SDS will spend the money on M&A and improving its AI capabilities.
Singapore's ST Telemedia Global Data Centres has 2.3GW of design capacity across 12 markets in Asia Pacific, the UK and Europe; it is the largest ever data centre deal in SEA.
The fundraise includes $1.8bn for KKR Asia Credit Opportunities Fund II as the investment giant sees growing investor demand for allocation to private credit in the region; the fund has been used for deals in Hong Kong, India and Australia.
The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.