Avendus Capital advises GeBBS Healthcare Solutions and its shareholders on its sale to funds managed by EQT

GeBBS has achieved remarkable growth thanks to the trust of our esteemed clients, the unwavering commitment of our management team, and the dedication of our 13,000+ strong client-centric global workforce across India, the US, the Philippines, and the Dominican Republic. I would also like to extend my sincere gratitude to ChrysCapital for its strategic role in our global expansion, providing valuable expertise, resources, and a strong network. We are equally excited to welcome an investor of EQT's stature, whose profound expertise in technology services promises to be a game-changer as we embark on the next thrilling chapter of GeBBS 3.0.

As seasoned investors in Enterprise Technology, we recognized the secular tailwinds in RCM quite early and chose to back a leader in GeBBS, particularly impressed by their sharp focus on engaging directly with the end-clients. It was a pleasure partnering with MG who, building upon the foundation laid by the Thakor family, deserves much of the credit for creating this world-class platform. The acquisition by EQT assures a bright future for the company and its employees. We wish them the very best.

Healthcare technology is a key investment theme for EQT. GeBBS has developed a robust business with a clear focus on supporting healthcare providers through industry leading solutions. We see strong alignment between GeBBS’ growth ambitions and EQT’s experience in creating long-term value. We look forward to supporting the team through EQT’s proven value creation playbook to further accelerate GeBBS’ growth momentum.

GeBBS is a proven story of growth and execution driven by exceptional leadership. With strong market tailwinds and the increasing demand for technology-driven RCM solutions, GeBBS is in a unique position to take advantage of ever-increasing demand and new opportunities. ChrysCapital, since its acquisition in 2018, has played a pivotal role in scaling the business, providing strategic guidance and resources that have shaped the company into the market leader it is today. With EQT’s global reach and proven value creation playbook, we expect GeBBS to scale even more rapidly. We are thrilled to have advised on this landmark transaction and continue to strengthen our position in the Healthcare RCM market.