Singapore- and India-based private equity firm Quadria Capital Investment Advisors Pvt. Ltd has backed two hospital groups based out of Singapore and Vietnam.
The PE firm has acquired significant stakes in MWH Holdings Pte Ltd, which is the holding company for Singapore Heart, Stroke and Cancer Centre, and Franco-Vietnamese Hospital, Vietnam, through its first sector-focused fund, Quadria Capital Fund LP.
Quadria issued a statement saying that following the latest transaction, it has so far backed seven companies from the $304 million fund. However, it did not specify the amount invested in the two companies.