Transaction:
- Global PE firm L Catterton has made a minority investment in Healing Hands Clinic, marking the chain’s first external funding since its founding in 2013.
- The investment size has not been publicly disclosed, with reports citing around $30 million according to unnamed sources.
About Healing Hands Clinic:
- Founded in 2013 by Dr Ashwin Porwal, Dr Snehal Porwal, and Roshan Porwal, the chain has expanded to 36 clinics across 14 Indian cities.
- It provides outpatient and inpatient care combining minimally invasive techniques, plant-based medicines, and advanced diagnostics, while offering a franchise model with centralized capex, opex, training, and operational support.
About L Catterton:
- Founded in 1989, L Catterton manages $38 billion across private equity, credit, and real estate, with 300+ global investments in consumer businesses.
- Its healthcare and consumer portfolio includes ClearChoice, FYidoctors, Ideal Image, PatientPoint, Espaçolaser, OdontoCompany, Thorne HealthTech, Peloton, and Birkenstock.
Rationale:
- Healing Hands offers specialist anorectal services, including laser treatment for piles and fistulas, colon hydrotherapy, manometry, and biofeedback.
- The franchise model allows doctors to operate clinics with central support for capex, opex, and training.
- The investment is intended to expand the network to additional cities and increase service availability.
- L Catterton brings operational and strategic guidance based on its experience with 300+ global investments, including multiple healthcare brands.
- The funding will help scale existing clinical services and improve access to plant-based treatments.
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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