US private investment fund TPG has picked up a significant minority stake in Manipal Health Enterprises for Rs. 900 crore ($146 million)..AZB & Partners and Cleary Gottlieb Steen & Hamilton LLP acted for TPG. The AZB team was led by Partners Shuva Mandal and Bhavi Sanghvi along with Associates Palaq Vora and Shwetank Ginodia while the Cleary team included Hong Kong Partner Michael J. Preston..Tatva Legal advised Manipal Heath Enterprises and the team included Bangalore Partner Manav Nagaraj, Manager KS Bhargava and Senior Associate Rashmi Talukdar..DSK Legal acted for existing investors (IVF) and the team was led by Partner Narendra Dingankar along with Manager Hemang Parekh..TPG has picked 24.75 per cent stake in the process, valuing the firm at Rs. 3,636 crore or just under $600 million, reports VCCircle.
US private investment fund TPG has picked up a significant minority stake in Manipal Health Enterprises for Rs. 900 crore ($146 million)..AZB & Partners and Cleary Gottlieb Steen & Hamilton LLP acted for TPG. The AZB team was led by Partners Shuva Mandal and Bhavi Sanghvi along with Associates Palaq Vora and Shwetank Ginodia while the Cleary team included Hong Kong Partner Michael J. Preston..Tatva Legal advised Manipal Heath Enterprises and the team included Bangalore Partner Manav Nagaraj, Manager KS Bhargava and Senior Associate Rashmi Talukdar..DSK Legal acted for existing investors (IVF) and the team was led by Partner Narendra Dingankar along with Manager Hemang Parekh..TPG has picked 24.75 per cent stake in the process, valuing the firm at Rs. 3,636 crore or just under $600 million, reports VCCircle.
