Fresh from the £95m sell-off of Alpha Hospitals to Universal Health Services (UHS), international private equity firm C&C Alpha Group (CCAG), is now looking for investment opportunities in the healthcare and hospitality sectors in India. The decision is inspired by superior investment opportunities in India.
In a public statement released recently, the group announced it is all set to invest about Rs 1,500 crore over the next three to five years in India. “We will now be looking for new investment opportunities in healthcare and other speciality services in India, which provide a big investment opportunity. The Group plans to invest about Rs 1,500 crore in the healthcare and hospitality sectors over the next 3 to 5 year horizon in India,” said executive director, Mr. Bhanu Choudhrie.
CCAG already has a presence in India through a wholly-owned subsidiary, Shanti Hospitality, whose hospitality brands include Hyatt Hotels, Ananda in the Himalayas ((managed by IHHR), Amritara Resorts and Nidra Hotels–which plans to add fourteen new hotels in the next 7 years period in India.
The group is also planning to build on existing and new associations to foster strategic business expansion. “In hospitality, we have already planned to add about 1,800 rooms in India under three brands – Hyatt, Four Points and Aloft Hotels – to take our total strength to about 3,000 rooms. In addition to this, the C&C Alpha Group is also building a 200-beds super specialty hospital in South Delhi, for which we have already acquired the land,” Choudhrie said.
Alpha Hospitals is the largest purveyor of specialist psychiatric care for adults and adolescents in England. Its facilities in Bury, Sheffield and Woking redefine tertiary care in a sector where secure settings are extremely important. Its sale to Cygnet Healthcare (a UHS subsidiary) adds four hospitals and 305 beds to the Cygnet family.
From a disused hospital in Woking, Surrey, Alpha Hospitals was invested in by CCAG for thirteen years and developed into a leading behavioral care provider that had a turnover of £42.1m for the year ended March, 2014.
CCAG has a track record of successfully incubating businesses around the world in healthcare, hospitality, real estate, aviation, utilities and agriculture, and typically invests £2-40 million per transaction and takes a mid-to-long term view of its investments.