Following the £95m sale of Alpha Hospitals to Cygnet Healthcare, international private equity firm C&C Alpha Group (CCAG) has marked its business interests for India. In a recent release, the group has confirmed that it’s planning to invest in India’s healthcare and hospitality sectors in the next three to five years.
“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 CCAG promoter and executive director, Bhanu Choudhrie.
CCAG has brand presence in India through its wholly-owned Shanti Hospitality group, which promotes brands and assets like Hyatt Hotels, Ananda in the Himalayas (managed by IHHR), Amritara Resorts and Nidra Hotels. To further its Indian footprint, CCAG shall be looking at forging existing and new ties and associations.
“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”, said Bhanu.
As a private equity investment firm, CCAG is known for incubating businesses in healthcare, hospitality, real estate, aviation, utilities and agriculture sectors by taking a mid-to-long term view of its investments. Its investment perspective typically involves investing £2-40 million per transaction as it looks to create stakeholder value for its portfolio companies by bringing together entrepreneurs, strategy consultants, project managers, and financial analysts for organic growth and strategic partnerships.
Headquartered in London, the group has offices in India and through Alpha Hospitals, was the largest purveyor of behavioural care services for adults and adolescents in England.