# Permira likely to lead race for Cloudnine Hospitals stake deal 2026-08-17T13:10:55+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Global private equity fund Permira may emerge as the frontrunner to acquire a $150-200 million stake in Bengaluru-based maternal and child healthcare chain Cloudnine Hospitals, two people familiar with the matter told livemint.com. Permira is moving faster with due diligence than other players such as TPG, one source said. The deal will be secondary in nature, with existing investor True North looking to sell its over decade-old stake in Cloudnine. The round has been downsized after the company did not proceed with an acquisition in West Asia. Cloudnine had earlier looked to raise $250-300 million, primarily for that expansion. Permira and TPG declined to comment. Permira's potential investment would be its second direct India deal after acquiring a 40% stake in real estate platform SILA in April. Cloudnine, founded in 2006, operates about 40 centres across 13 Indian cities. Its operating revenue rose to Rs 1,485.6 crore in FY25, though loss widened to Rs 46.4 crore. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Tags: Cloudnine Hospitals, Permira, TPG Canonical: https://indianopinion.org/permira-likely-to-lead-race-for-cloudnine-hospitals-stake-deal/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/permira-likely-to-lead-race-for-cloudnine-hospitals-stake-deal/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/