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TPG, Permira lead race for Cloudnine stake at ₹11,000 crore valuation
TPG Capital and Permira are frontrunners to buy True North’s 25% Cloudnine stake, alongside a 5-10% primary share issue. The deal could value India’s largest maternity and paediatric hospital chain at ₹11,000 crore.
Reported figures
From the report. Source details below
| ₹400 crore invested by True North in | 2015 |
|---|---|
| 40 centres as of March | 2025 |
Also in the report
- ₹11,000 crore proposed valuation ($1.15 billion)
- More than 55 centres after Apollo Cradle and Apollo Fertility acquisition
- ₹1,550 crore Apollo Cradle valuation
- 20 Apollo Fertility IVF centres
- ₹2,000 crore FY26 revenue
- ₹30,000 crore India mother-and-childcare market
- 15% expected annual market growth
Other figures
- ₹300 crore FY26 EBITDA
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