CX Partners Eyes 3-Fold Return From Thyrocare IPO

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Private equity firm CX Partners is likely to reap a return of 3X (three times) over its four-year-old investment in diagnostics major Thyrocare Technologies. According to people in the know, the $500-million fund will dilute 25 per cent of its 27 per cent stake in Thyrocare Technologies, which is likely to launch its initial public offer (IPO) in February 2015.

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