SAM, Nishith Desai act on TPG’s acquisition of majority stake in Rhea Healthcare

TPG has acquired a majority stake in Rhea Healthcare for a value of around $35 million.

Shardul Amarchand Mangaldas advised TPG on the transaction. The Private Equity team was led by Partner Iqbal Khan, and included Senior Associate Shahin Umani and Associates Ranjini Ramesh and Tanavi Mohanty. The Tax counsels to the transaction were Partner Abhay Sharma and Principal Associate Oscar D’Sa.

The Real Estate counsels to the transaction were Partner Ashoo Gupta and Principal Associate – Designate Daryush Marfatia. The Intellectual Property counsels to the transaction were Partner Dev Robinson and Associate Madhur Chopra. The Litigation counsels to the transaction were Partner Ameya Gokhale, Principal Associate – Designate Meghna Rajadhyaksha and Associate Umang Singh.

Nishith Desai Associates acted for Rhea Healthcare, through a team led by co-Head of the M&A Practice Simone Reis.

Rhea Healthcare is a private company which operates a network of mother and child care centres in India under the ‘Motherhood’ brand.