Mahindra Partners invests Rs 206 cr in Centre for Sight for network growth

Co-invests Rs 226.5 crore with promoters to buy out venture capital firm Matrix Partners, who invested twice in the ophthalmic chain

Mahindra Partners has invested Rs 206.5 crore in Delhi-based Centre for Sight Ltd (CFS), through a mix of primary and secondary investment. Nearly half the amount will go in buying out venture capital entity Matrix Partners, which had invested Rs 80 crore in 2010 and 2013. 

The new money will help the Rs 200-crore CFS, founded by Mahipal Singh Sachdev (who is chairman and managing director) to drive organic and inorganic growth. Thus consolidating its prime position in the growing Indian ophthalmology health care segment — CFS has plans to grow its network of 44 eye care centers across nine