New PE fund on the anvil for healthcare, financial services sectors

Chennai, Feb 17 (IANS) A $150 million private equity (PE) fund focussed on healthcare and financial services sector will soon be launched as the process of getting the professionals on-board is on, said a top investor.

“The $150 million PE fund is in the process of being launched. There will be foreign investors as well while I will be the anchor investor,” G.S.K. Velu, founder and managing director of Trivitron Healthcare, said on Wednesday.

The city-based over Rs.700 crore Trivitron Healthcare group is primarily into the manufacture of medical equipments-on its own or in joint venture with a foreign company.

According to Velu, talks are on with the foreign investors and an announcement will be made by the fund’s managing partner.

On reason for floating a PE fund, Velu said he has understood the philosophy as well as the points that PE investors would look at a company in which they are investing.

He said that at Trivitron, there were seven rounds of PE investments.

“The fund may also provide an exit route to other PE funds. Not all PE’s exit through an initial public offering (IPO),” Velu said.

Velu was one of the co-founders of diagnostic lab chain Metropolis and exited selling his stakes to a PE.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here