C&C Alpha Looks At India for Investments Worth Rs. 1, 500 Crore

After closing the £95m sale of its Alpha Hospitals to Cygnet Healthcare, international private equity firm C&C Alpha Group (CCAG) has announced it would be investing in India’s healthcare and hospitality sectors.

"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, which has a pan-Indian presence through its wholly owned subsidiary Shanti Hospitality which promotes and manages brands like Hyatt Hotels, Ananda in the Himalayas (managed by IHHR), Amritara Resorts and Nidra Hotels in India, will look to build on it by forging new strategic partnerships and business 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. 

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

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