Apax may pick up ICICI Metropolis stake
London-headquartered private equity group Apax Partners is emerging as the probable buyer of the 25% stake in India's Metropolis Healthcare held by ICICI Venture, for a probable deal value of around $45 million.
ICICI originally invested in Metropolis in 2006, and earlier reports cited TA Associates as a potential buyer. Metropolis runs a chain of diagnostic labs across India and other emerging-markets locations...
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