KV Asia Capital Pte Ltd has successfully divested its entire stake in Orange Valley Healthcare, a leading provider of nursing home services in Singapore, to Singapore Press Holdings (SPH) for approximately S$164 million ($117.5 million). This strategic move by the private equity firm comes after acquiring the healthcare provider in 2014. SPH’s latest financial statements reveal Orange Valley’s net asset value as S$71 million as of the preceding month. The exit reflects the fruits of KV Asia’s debut fund, which was initiated with the goal of investing $25-75 million per equity deal and closed at $263 million in 2013. Executive Chairman Karam Butalia highlights Orange Valley’s 20-year history in delivering comprehensive eldercare services and expresses confidence that SPH will continue to elevate the company’s quality of care and integrated healthcare services. Over the years, Orange Valley has evolved its operations, currently managing five nursing homes with approximately 900 beds, a slight reduction from its original six facilities with 1,000 beds. KV Asia, under the leadership of founders Karam Butalia and Vibhav Panandiker, has stayed committed to its investment focus, engaging with Southeast Asian companies across various sectors such as healthcare, consumer goods, financial services, and manufacturing. A notable recent investment includes last year’s acquisition of the Malaysian hypermarket chain TF Value-Mart.

Healthcare, Private Equity, Media,Singapore, Southeast Asia

https://www.kvasiacapital.com/news/kv-asia-exits-singapore-nursing-home-business