Bain Capital-backed 360 ONE Asset invests in A4 Hospitals
Summary
360 ONE Asset, an asset management firm backed by private equity firm Bain Capital, has invested in Tamil Nadu-based A4 Hospitals via its healthcare and life sciences fund.A4 Hospitals plans to use the growth capital to expand its operations across southern India over the next few years, it said in a statement on Wednesday. It didnt disclose the amount it raised.A4 Hospitals offers fertility treatment as well as maternity and perinatal care. It operates eight centres currently.Aruna Ashok, co-founder and clinical director of A4 Hospitals, said: Collaborating with 360 ONE Asset will enable us to enhance our clinical capabilities as well as broaden the reach of our fertility and maternity care services.Tarun Sharma, fund manager (healthcare and consumer, PE) at 360 ONE Asset, said: With a focus on rigorous clinical protocols and excellence in embryology, A4 is well-positioned to redefine standards in fertility care.360 ONE, earlier known as IIFL Asset Management, offers alternative investment funds, portfolio management services, and mutual funds to investors. The companys private equity investments span across stages from early- and mid-stage, to late-stage and pre-IPO investing.In July, 360 ONE Asset appointed Raghav lyengar its new chief executive officer. It also invested in Vastu Housing Finance, alongside TA Associates, and in hearing solutions provider HearZap.