Category: success
Another milestone exit!
We partnered with Dr Durga & Kiran in 2016 when Oasis Fertility was largely a Hyderabad focussed fertility chain. Since then, Oasis has successfully navigated the challenges of scaling. With 26 centres across 16 cities, Oasis is one of the leading fertility chains in the country, gifting the joy of parenthood to thousands of couples. We wish Team Oasis the absolute best in their journey ahead!
Grateful for all the support extended by o3 Capital the financial advisors to the transaction, Quillon Partners, Veritas and Samvad, the legal advisors to the parties and KPMG India, EY & Transaction Square the tax advisors to the parties.
InvAscent picks minority stake for Rs 120 crore
Life Sciences and healthcare focused private equity firm InvAscent has picked up a minority stake in Sunways India by investing Rs 120 crore ($15 million) from its India Life Sciences Fund III (ILSF III).
Sunways specialises in manufacturing and marketing of ophthalmology formulations.
Sunways will use the capital for capacity addition, international expansion and acquisitions.
InvAscent picks minority stake for Rs 120 crore
Life Sciences and healthcare focused private equity firm InvAscent has picked up a minority stake in Sunways India by investing Rs 120 crore ($15 million) from its India Life Sciences Fund III (ILSF III).
Sunways specialises in manufacturing and marketing of ophthalmology formulations.
Sunways will use the capital for capacity addition, international expansion and acquisitions.
Founded in 1951 by Kantilal Shroff, the Mumbai-headquartered Sunways is a leading domestic manufacturer and marketer of ophthalmic formulations. The company also exports to over 10 countries.
“Having a strong foundation built over 70 years and three generations, Sunways is well established to progress into the next phase of growth sprint domestically and in the international markets. This growth would be supported by organic and inorganic expansion,” said Bhadresh Shroff, chairman of Sunw ..
Yet another stellar exit!
We partnered with Oliva when it was largely a Hyderabad focused chain. Since then, Oliva has successfully navigated the challenges of scaling and provided high quality derma services to numerous clients. We wish Dr. Prashant and the entire team, the very best in their journey to scale Oliva across the country.
We thank the teams at Avendus, Quillon Partners and KPMG for supporting us on this transaction.
Healthcare Investor of the Year second year in a row.
InvAscent receives the Healthcare Investor of the Year 2022 Award as part of Venture Intelligence APEX‘23 Private Equity & Venture Capital awards event in Mumbai.
The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as “crowd-sourced” nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies)
“We are greatly honoured that our peers in the PE-VC ecosystem have once again voted us as the “Healthcare Investor of the Year”, said T P Devarajan, Senior Managing Director, InvAscent.
“We take great pride in our active partnership model which supports portfolio companies in achieving their full potential. We dedicate this award to our hardworking team, and to the founders who have chosen to partner with us” he added.
Delighted to announce another successful exit!
We have sold our stake in Stericon Pharma Private Limited, a Bangalore-based Contract Development Manufacturing Organization (CDMO), manufacturing sterile contact lens cleaning solutions and eyedrops, to the Nirma Group, which acquired 100% of the Company.
T P Devarajan, Senior Managing Director, InvAscent, said, “Stericon’s Founders, Gurdeep Singh and Divakar Chandran, chose to partner with the Fund in 2016. Under their dynamic leadership, the business strengthened its position both in the domestic and global markets. Stericon’s eyedrops and contact lens cleaning solutions, manufactured in its world-class sterile manufacturing facility, are sold in nearly 50 countries today.”
Divakar and Gurdeep said, “We value the guidance provided by the InvAscent team during the investment period. The team helped us in strengthening corporate governance and in identifying products to develop.”
Elated to share the news of yet another successful exit!
We have sold our stake in Biorad Medisys, a Pune based medical devices company, manufacturing orthopaedic implants (total knee replacement, hip replacement) and surgical disposables in endourology, gastroenterology, interventional radiology, gynaecology and vascular access segment.
We partnered with Biorad and its founder, Jitendra Hegde, in 2016. Over the last few years, Biorad has become one of the largest homegrown medical devices platforms in India, with a leadership position in ortho implants and urological consumables and presence across 33 countries.
We wish Jitendra and the entire team at Biorad great success in their journey ahead!
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Invested Partners makes bold move in tech sector
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Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.