Health Business

Tokyo’s Orix to invest in Nova  IVI fertility chain

Nova--IVI-fertility-chain

Japanese financial services firm Orix Corp. is in talks to buy a minority stake in Bengaluru-based fertility clinic chain Nova IVI Fertility, two people close to the development said.

According to the Orix Corp, Orix plans to buy shares from the company’s promoters and existing private equity investors for Rs250-300 crore.Nova--IVI-fertility-chain

At present, Goldman Sachs Group Inc. and New Enterprise Associates (NEA) together hold about 51% while GTI Group holds about 15%.

The rest is owned by promoters including founder Mahesh Reddy.

Orix, one of the world’s largest diversified financial services groups, had invested 49% of the equity of the wind platform of Infrastructure Leasing and Financial Services Ltd (IL&FS) in March last year.

 

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