India's IVFA backs ISS Hicare buyout
India Value Fund Advisors (IVFA) has partnered with Hicare founder A. Mahendran to acquire the pest control company from Danish multinational ISS Global. The deal, including primary growth capital, is worth INR2.5 billion ($39.7 million) and is expected to close next month.
ISS Hicare is currently India's second-largest pest control services provider according to IVFA. It operates across in 27 cities and serves more than 100,000 residential customers and 10,000 commercial...
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