IFLR1000

IHH Healthcare $1.3 billion acquisition of a controlling stake in Fortis Healthcare

12/7/2018
Private acquisition
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$ 1.03 billion

Announced

12/7/2018

Overview:

  • IHH Healthcare had acquired a 31.1% stake in Fortis by outbidding Manipal Health, the only other bidder.
  • The acquisition was made through Northern TK Venture, а wholly-owned indirect subsidiary of IHH Healthcare.

Daniel Semerdzhiev - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Healthcare

Firms:
Allen & Gledhill

Party: IHH Healthcare Berhad (Acquirer)

Lawyers: Christopher Koh, Hoe Yue Teh, Mark Quek, Su May Tan

Cyril Amarchand Mangaldas

Party: Fortis Healthcare (Target)

Lawyers: Cyril Shroff, Nivedita Rao, Ruetveij Pandya

Khaitan & Co

Party: IHH Healthcare Berhad (Acquirer)

Lawyers: Arindam Ghosh, Ashraya Rao, Haigreve Khaitan, Sudhir Bassi

Luthra and Luthra Law Offices India

Party: Fortis Healthcare (Target)

S&R Associates

Party: Citigroup (Financial adviser)

Lawyers: Jabarati Chandra, Sandip Bhagat

Trilegal

Party: IHH Healthcare Berhad (Acquirer)

Party: Northern TK Venture (Acquirer)

Lawyer: Upasana Rao

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