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Alliance Dental Care, the dental care joint venture between Apollo Hospitals and medical technology company Trivitron, has appointed Veda Corporate Advisors as its investment banker to advice on fund-raising plans.
The joint venture company is looking to raise around Rs 60 crore from private equity investors for expanding its dental chain in the next two years. Currently, there are 16 Apollo Dental Centres. In two years, the target is to have 100 centres.
The PE investors are expected to be finalised in 2-3 months, said Mr G.S.K. Velu.
Currently, Apollo Hospitals holds majority stake in the joint venture. Post fund-raising, Apollo will hold 51 per cent, Trivitron will have 30-35 per cent and the rest will be with investors.
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