Qatar Investment Authority (QIA) has made an equity investment of $50 million in Global Dental Services, the parent company of Clove Dental. Clove Dental (a brand name of M/s. Star Dental Centre Private Limited) is the largest network of dental clinics in India.
Since inception in 2011, the group has grown to operate more than 400 company-owned and company-operated dental clinics under the “Clove Dental” banner.
The equity injection from QIA will unlock significant growth opportunities for the group as it seeks to expand across India, ensuring that more Indians have access to reliable, high-quality, and affordable dental care.
This investment in Clove Dental comes as QIA looks to further diversify its portfolio in India’s fast-growing economy and comes on the back of recent investments in India within the retail and real estate sectors, and in green energy investments.
Over recent years, QIA has built a diversified portfolio of investments in innovative healthcare companies that have the potential to solve societal problems and address unmet medical needs worldwide. Recent healthcare investments include biotechnology company Star Therapeutics, which focuses on developing life-changing therapies for rare diseases.
Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar. QIA was established in 2005 to protect and grow Qatar’s financial assets and to diversify the economy. As a sovereign wealth fund, QIA’s purpose is to generate returns for their future stakeholders.
Diversification is key to their approach and the investments span many different markets, asset classes, sectors and geographies. QIA partners with leading institutions around the world to seek out global growth opportunities that will create value for the State and future generations.
Source: Qatar Investment Authority