Cyril Amarchand Mangaldas acted as advisor to Aster DM Healthcare Limited (Aster) on the USD 1 billion sale of its GCC business. At closing, the buyer will be held by a consortium of financial investors and the promoters of Aster.
The General Corporate, Intellectual Property and Competition Law Practices of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Anand Jayachandran, Partner; with support from Sonakshi Arora, Principal Associate; Sheetal S, Senior Associate; Rohit Maheshwary, Associate; and Kritika Dobhal, Associate.
The Team led by Arun Prabhu, Partner (Head – Technology and Telecom); with support from Arpita Sengupta, Senior Associate; and Kanav Khanna, Associate; advised on various intellectual property matters relating to the transaction, including to draft, negotiate and finalise a brand sharing and non compete arrangement amongst the buyer and seller.
The Team led by Avaantika Kakkar, Partner (Head- Competition); with support from Aaditya Ranbir Sahgal, Associate; assisted with the competition law related advisory.
Reuben Chacko, Partner & Regional Co-head Markets Practice (South) provided strategic inputs and acted as the relationship partner for Aster DM.
Other advisors to the transaction included Baker McKenzie (acted as international legal counsel for seller); Credit Suisse (acted as investment banker for Aster) and Moelis (acted as investment banker for Aster).
The transaction was signed on 28th November 2023 and is expected to close by March 2024. ____________________________________________
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government, and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 170 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
