TPG, Permira lead ₹11,000 cr Cloudnine deal race
Synopsis TPG Capital and Permira are leading contenders for a significant minority stake in Cloudnine. The deal is expected to value India's largest maternity and
Synopsis TPG Capital and Permira are leading contenders for a significant minority stake in Cloudnine. The deal is expected to value India's largest maternity and pediatric hospital chain at approximately ₹11,000 crore.
Binding bids are anticipated by mid-August after due diligence is complete. This transaction will facilitate True North's full exit after over a decade of investment.
Cloudnine posted ₹2,000 crore revenue and ₹300 crore Ebitda in FY26.
The BriefWire