India: TPG Capital looks close to Medanta acquisition

Global private equity firm TPG Capital looks set to close its acquisition of the Medanta hospital chain with a binding offer of US$828.6m. Medanta operates eight hospitals in Gurugram, Indore, Ranchi, DLF Cybercity, South Delhi, Delhi Airport, Lucknow, and Sri Ganganagar. If the deal goes through, it will allow The Carlyle Group to exit. The…