Global alternative asset manager The Carlyle Group has acquired a significant majority stake in Visionary RCM Infotech (India) Pvt. Ltd, an offshore risk adjustment and medical coding solution provider..Shardul Amarchand Mangaldas acted as the legal counsel for VRCM, its founder/ promoter, NEA Indo US Ventures and the other Sellers..The transaction team was led by private equity Partner Abhishek Guha along with Principal Associate Ekta Tyagi, and Associates Aditi Tralshawala and Keegan Pavrey..J. Sagar Associates acted for Carlyle and Co-Investors and the team was led by Partners Vikram Raghani and Pallavi Puri along with Principal Associate Bir Bahadur Singh Sachar and Associates Bharath Sridhar and Kayal Manivanan..The PE firm has invested around Rs. 400 crore to Rs. 425 crore ($62.5-66 million), according to VCCircle..Avendus Capital, Triple Tree LLC and PwC, Bangalore acted as tax advisor to the Sellers and PwC, Mumbai were the tax advisor to Carlyle..Photo Credit: Reuters
Global alternative asset manager The Carlyle Group has acquired a significant majority stake in Visionary RCM Infotech (India) Pvt. Ltd, an offshore risk adjustment and medical coding solution provider..Shardul Amarchand Mangaldas acted as the legal counsel for VRCM, its founder/ promoter, NEA Indo US Ventures and the other Sellers..The transaction team was led by private equity Partner Abhishek Guha along with Principal Associate Ekta Tyagi, and Associates Aditi Tralshawala and Keegan Pavrey..J. Sagar Associates acted for Carlyle and Co-Investors and the team was led by Partners Vikram Raghani and Pallavi Puri along with Principal Associate Bir Bahadur Singh Sachar and Associates Bharath Sridhar and Kayal Manivanan..The PE firm has invested around Rs. 400 crore to Rs. 425 crore ($62.5-66 million), according to VCCircle..Avendus Capital, Triple Tree LLC and PwC, Bangalore acted as tax advisor to the Sellers and PwC, Mumbai were the tax advisor to Carlyle..Photo Credit: Reuters