Asian Buyout Firm Takes $100M Stake In DM Healthcare

Law360, New York (January 18, 2012, 1:23 PM EST) -- Olympus Capital Asia Investments Ltd. has paid $100 million for a minority stake in DM Healthcare Private Ltd., money that will boost the health service provider's planned expansion in India and the Persian Gulf, the Asia-focused private equity firm said Wednesday.

Olympus Capital will become the largest noncontrol investor in DM Healthcare and will gain seats on the Kochi, India-based health company's board, it said. The company's founder, Azad Moopen, continues to hold a majority stake.

“DM Healthcare is addressing the challenge of providing world-class health...
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