Shardul Amarchand Mangaldas & Co. advised Apollo Hospitals Enterprise Limited (AHEL) & Apollo Healthco Limited (Apollo 24/7) on the multi-phase transaction involving an investment of INR 2,475 crores by Advent International into Apollo 24/7, acquisition of minority stake by Apollo 24/7 in Keimed Private Limited (Keimed) for INR 725 crores, and eventual amalgamation of Keimed with and into Apollo 24/7, with the combined entity being valued at an enterprise value of INR 22,481 crores.
The transaction is aimed at creating a leading integrated, omni-channel healthcare eco-system, having an industry defining business model with pan India presence, and potential to unlock significant business synergies.
The transaction is subject to completion of customary conditions precedent, including approval of the Competition Commission of India & the public shareholders of AHEL.
The transaction team was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Roma Das, Principal Associate; Prerna Saroha, Associate and Harjas Singh, Associate.
Ashni Roy, Partner; Manita Doshi, Partner; Chintan Aashwini, Senior Associate; Sara Jain, Associate; Chirag Mangal, Associate; Vipra Sankhla, Associate; Pratim Majumder, Associate and Jayesh Bhavesh Borele, Associate, assisted on various ancillary aspects in relation to the transaction.
The competition team is being led by Harman Singh Sandhu, Partner; Rohan Arora, Partner; Apurv Jain, Associate; Arjav Kulshreshtha, Associate and Aryika Dadhwal, Associate.
Cyril Amarchand Mangaldas & Co. (Mumbai) acted as the legal advisor to Advent for the transactions.
AZB & Partners (Chennai) provided legal advice to AHEL and its Board of Directors.
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