Carlyle Group invests in India's Global Health

MUMBAI Thu Dec 19, 2013 10:11pm EST

A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst

A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012.

Credit: Reuters/Jonathan Ernst

MUMBAI (Reuters) - Private equity firm Carlyle Group LP (CG.O) said it bought a minority stake in Indian hospital and healthcare provider Global Health Pvt Ltd.

The investment included buying a significant equity stake held by an affiliate of Marc Lasry's hedge fund Avenue Capital Group, Carlyle said late on Thursday. The financial details of the deal were not disclosed.

Global Health owns and operates a super-specialty hospital located in northern India and also does drug research and development.

Including this deal, Carlyle said it has invested and committed about $1.1 billion in India as of September 30, 2013.

(Reporting by Aradhana Aravindan; Editing by Supriya Kurane)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.