Saturday 3 October 2015

C&C Alpha Group Marks Out India for Investments Worth Rs 1,500 Crore

After making news with the sale of its London hospital chain, Alpha Hospitals, to Cygnet Healthcare for £95m, international private equity firm C&C Alpha Group (CCAG) has held India as the next investment avenue.

"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 operates in India through a wholly owned subsidiary, Shanti Hospitality, which markets, promotes, and manages brands like Hyatt Hotels, Ananda in the Himalayas (managed by IHHR), Amritara Resorts and Nidra Hotels. The group is now looking to expand its Indian presence through new partnerships and pan-India 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 Choudhrie.  




CCAG is known as a global private equity firm that incubates and invests in businesses in healthcare, hospitality, real estate, aviation, utilities and agriculture sectors by taking a mid-to-long term view of its investments. The firm promotes stakeholder value creation for its portfolio companies through strategic collaborations with entrepreneurs, strategy consultants, project managers, and financial analysts for organic growth and strategic partnerships, and its investment cycle that typically involves investing £2-40 million per transaction.

Headquartered in London, the group has parallel offices in India. Its hospital subsidiary, Alpha Hospitals was the largest purveyor of behavioural care services for adults and adolescents in the entire England.

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