Cyril Amarchand Mangaldas has advised global investor Advent International on its $294 million acquisition of a minority stake in Apollo Healthco (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), which was guided by Shardul Amarchand Mangaldas & Co.

AZB & Partners also advised AHEL and its board in relation to the transaction, while Ropes & Gray served as international counsel to Advent and its investment vehicle Rasmeli, in relation to compliance with foreign anti-corruption and anti-money laundering laws.

The transaction also involved a primary and secondary investment by AHL into Keimed Private Limited (Keimed) and amalgamation of Keimed into AHL.

The CAM transaction team was led by managing partner Cyril Shroff and partners Vandana Sekhri, Arun Prabhu, Anand Jayachandran, and Sonakshi Arora; and included associates Hina Tolani, Deval Dangayach, and Kabeer Jay.

Partner Siddharth K. Vedula, and director Kushal Ramotre supported the finalisation and execution of the transaction documentation. Partners Aditi Manchanda, Biplab Lenin, Bishen Jeswant, Avaantika Kakkar, and Vijay Chauhan also assisted on the deal.

The SAM transaction team was led by partners Puja Sondhi, Aayush Kapoor, and Roma Das, and included senior associates Prerna Saroha, and Harjas Singh. Senior associate Subhashini Narayanan and associates Vipra Sankhla and Akshita Jain also assisted on the closing of the first tranche of both transactions.

The SAM competition team was led by partners Harman Singh Sandhu and Rohan Arora.