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This Article is From Dec 20, 2013

Carlyle Group invests in Naresh Trehan-led Global Health

The investment included buying a significant equity stake held by an affiliate of Marc Lasry's hedge fund Avenue Capital Group, Carlyle said late on Thursday. The financial details of the deal were not disclosed.

Private equity firm Carlyle Group said it bought a minority stake in Indian hospital and healthcare provider Global Health Pvt Ltd.

The investment included buying a significant equity stake held by an affiliate of Marc Lasry's hedge fund Avenue Capital Group, Carlyle said late on Thursday. The financial details of the deal were not disclosed.

Global Health, led by surgeon Dr Naresh Trehan, owns 'Medanta-the Medicity', a super-specialty hospital, in Gurgaon.

Global Health also does drug research and development.

Including this deal, Carlyle said it has invested and committed about $1.1 billion in India as of September 30, 2013.

(With inputs from Reuters)

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