Skip to main content

news

 

Indian law firm Cyril Amarchand Mangaldas has advised global PE investor Advent International on its 24.75-billion-rupee (nearly $297 million) investment in Apollo Hospitals’ (AHE) unit Apollo HealthCo.

Apollo HealthCo was represented by Shardul Amarchand Mangaldas & Co, while AZB & Partners counselled AHE.

Following the deal, Apollo HealthCo will merge its online pharmacy business, Apollo 24/7, with pharmacy distributor Keimed.

Apollo HealthCo will have an enterprise value of 144.78 billion rupees, while Keimed is valued at 80.03 billion rupees, Reuters reported, adding that the merged entity is expected to deliver revenue worth 250 billion rupees in the next three years.

The SAM transaction team, which advised Apollo HealthCo, was led by partners Puja Sondhi and Aayush Kapoor, who were assisted by principal associate Roma Das and associates Prerna Saroha and Harjas Singh.

Partners Ashni Roy, Manita Doshi, Harman Singh Sandhu and Rohan Arora also assisted on ancillary aspects of the deal.

The AZB team that advised AHE was led by senior partner Aarthi Sivanandh and partner Bhavana Alexander.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.