Global private equity fund Carlyle has bought 37% stake in diagnostics chain Metropolis from one of its founders GSK Velu..Luthra & Luthra acted as Indian counsel for Carlyle while Ropes & Gray acted as international counsel..The Luthra team was led by Senior Partner Mohit Saraf along with Partner Bikash Jhawar. Suyash Srivastava advised on employment issues and Gayatri Roy assisted on trademark and other IP issues..Ropes & Gray’s team included Hong Kong Partners Scott Jalowayski and Michael Nicklin..Khaitan & Co acted for Metropolis and the promoters with a team led by Partners Haigreve Khaitan and Anuj Shah..Shardul Amarchand Mangaldas acted for the seller with a team led by Delhi Partner Kalpataru Tripathy..A source familiar with the matter estimated that the 37% stake is valued at Rs 850 crore, putting a total valuation of the company at Rs 2,300 crore, according to ET.
Global private equity fund Carlyle has bought 37% stake in diagnostics chain Metropolis from one of its founders GSK Velu..Luthra & Luthra acted as Indian counsel for Carlyle while Ropes & Gray acted as international counsel..The Luthra team was led by Senior Partner Mohit Saraf along with Partner Bikash Jhawar. Suyash Srivastava advised on employment issues and Gayatri Roy assisted on trademark and other IP issues..Ropes & Gray’s team included Hong Kong Partners Scott Jalowayski and Michael Nicklin..Khaitan & Co acted for Metropolis and the promoters with a team led by Partners Haigreve Khaitan and Anuj Shah..Shardul Amarchand Mangaldas acted for the seller with a team led by Delhi Partner Kalpataru Tripathy..A source familiar with the matter estimated that the 37% stake is valued at Rs 850 crore, putting a total valuation of the company at Rs 2,300 crore, according to ET.
