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New Deal


Announced

Completed

Kedaara Capital completed an investment of $76m in Religare Health Insurance.

Financials

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Transaction Value£60m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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health insurance

claim settlement

Private

Single Bidder

Minority

insurance agency

Friendly

India

Insurance Brokers

Completed

Acquisition

health insurance brokerage

Private Equity

Synopsis

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Kedaara Capital, a private equity firm completed an investment of $76m in Religare Health Insurance, a health insurance service provider. “The capital infusion will help us to continue our investments in making Religare Health Insurance a future-enabled organisation, committed to ensure the best customer experience. It is a matter of pride that Religare has attracted a marquee investor even in such tough economic times," Rashmi Saluja, Religare Executive Chairman.

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