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Investcorp Leads Rs 545 Cr Investment In Global Dental Services

Investcorp has earlier concluded three healthcare deals in India which are V-Ensure Pharma Technologies, Neprhoplus (a dialysis chain) and ASG Eye Hospitals where it has recently sold its entire stake to General Atlantic and Kedaara

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Investcorp, an alternative investment firm led an investment of Rs 545 core in Global Dental Services (GDS), a dental chain. Tybourne Capital, a growth investor and other new and existing shareholders are also investing alongside Investcorp. 

This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country. Founded in 2011 by its current CEO, Amarinder (Amar) Singh, the GDS group owns and operates 340 clinics across 24 cities and 12 states in India under the brand 'Clove Dental'. 

Gaurav Sharma, Head of Private Equity, India at Investcorp said, “Today, the Indian dental services market is worth $3 billion. It is highly fragmented with large hospitals and dental chains accounting for under 10 per cent of all practices, although this number is expected to double in the next five years. In India, Clove Dental represents our fourth healthcare deal in the underpenetrated field of dental care.” 

Investcorp has earlier concluded three healthcare deals in India which are V-Ensure Pharma Technologies, Neprhoplus (a dialysis chain) and ASG Eye Hospitals where Investcorp recently sold its entire stake to General Atlantic and Kedaara.

Globally, Investcorp has invested in Acura, Germany’s dental platform. Amar Singh, CEO of Global Dental Services said, “Indians need oral healthcare infrastructure and our mission is to provide every citizen access to high-quality affordable dental care. This partnership will empower us to prepare to achieve our expansion goals, add the latest technological equipment in our clinics, bring professional, ethical, and high-quality dentistry to many more Indian communities."


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