EQT and Hillhouse Lead Bidders in $800 Million GeBBS Healthcare Sale; KKR Bank Sale Gauges India's Fee-Paying Power

EQT and Hillhouse are positioned as the leading bidders in the final stages of the $800 million sale of GeBBS Healthcare, a company promoted by ChrysCapital. This sale is part of a broader trend in the healthcare sector, where private equity firms are increasingly active. In a separate development, the KKR bank sale is being closely monitored as it may provide insights into India's capacity to pay for financial services. The ongoing activity in the private equity market is indicative of the evolving landscape, with buyout firms exploring various opportunities, including redesigned SPACs, which have accounted for 25% of US IPOs in 2024, generating significant fees for Wall Street.