S&P Global Market Intelligence presents In Play Today, a periodic summary of potential private equity deal activity, including rumored transactions. This summary is based on information obtained on a best-efforts basis and may not be inclusive of all potential deal activity.
– TPG Growth LLC is close to selling a 15% stake in Asia Healthcare Holdings Pte. Ltd. to GIC Pte. Ltd., which will become the majority owner of the Singapore-based healthcare platform once the deal closes, Mint reported, citing people aware of the development. GIC is set to increase its stake in Asia Healthcare ahead of the latter's possible public listing in the next year or two, the report said, citing four people.
– National Investment and Infrastructure Fund Ltd., British International Investment PLC and EverSource Capital Group are negotiating the terms of the sale of all of their stakes in Indian clean energy company Ayana Renewable Power Pvt. Ltd. to ONGC NTPC Green Pvt. Ltd. for up to $750 million, The Economic Times reported, citing people with knowledge of the matter. The purchase agreement could be signed in a fortnight, the report added, citing the people.
– KKR & Co. Inc. is nearing the acquisition of CVC Capital Partners PLC's 60.36% stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd., which does business as HCG Oncology, for about $550 million, The Economic Times reported, citing people aware of the matter. Binding documents are likely to be signed later in December, or early January 2025 at the latest, the report added.
– Affinity Equity Partners has engaged Goldman Sachs to evaluate sale options for Sydney-headquartered business lender Scottish Pacific Group Ltd. in a deal potentially exceeding A$1 billion, The Australian reported. Potential buyers include Judo Capital Holdings Ltd., the report added.
– TPG Inc. is in advanced discussions to acquire a controlling stake in Hong Kong-based flower producer Agripacific Holdings Ltd., which does business as Hasfarm Holdings Ltd., from shareholders including Lombard Investments Inc., which owns 25% of Hasfarm, Bloomberg News reported, citing people familiar with the matter. A deal is likely to be announced in the coming weeks, the people said.
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