Deal Closed | Acquisition of Vikram Hospitals (Bengaluru) Private Limited | Khaitan & Co

The details of the deal are as follows

Sector: Healthcare  

04-Jun-2021 

Completion Date: 04-Jun-2021 

Name of Client: 

• Multiples Private Equity Fund I Limited,
• Multiples Private Equity Fund, and
• Vikram Hospital (Bengaluru) Private Limited

Name and Description of Acquirer: Manipal Health Enterprises Private Limited | India 

• Manipal Hospitals (Jaipur) Private Limited | India 
• Name and Description of Target / Seller 
• Multiples Private Equity Fund | India 
• Multiples Private Equity Fund I Limited | Mauritius 
• Vikram Hospital (Bengaluru) Private Limited | India 

Deal Description: Advised Multiples Private Equity Fund I Limited, Multiples Private Equity Fund, and Vikram Hospital (Bengaluru) Private Limited in relation to the acquisition of Vikram Hospital (Bengaluru) Private Limited by Manipal group for a total consideration of ~INR 360 crore (USD 50 million). 

Total Consideration: USD 50 million: 

Team Members: Core team: Ganesh Prasad (Partner), B N Vivek (Principal Associate), Himanshu Mene (Associate) with assistance from Aarthi Sashikumar (Associate) and Aakanksha Panigrahi (Associate) on Due Diligence and with further advice from Vinay Joy (Partner) and Srishti Ramakrishnan (Senior Associate) on Employment Law aspects of the transaction 

Role of Firm: Advised Multiples and the target on the transaction. The firm assisted with due diligence, assistance with bid process, review and negotiation of transaction documents, and closing. 

Other legal advisors: Trilegal