Healthcare fundraisingHealthcare fundraisingDSK Legal advised India Value Fund Advisors’ (IVFA) trustee IVF Trustee Company in its Rs 1000 crore ($181m) investment in Bangalore-based Manipal Health Enterprises which was advised by Tatva Legal.

DSK Legal Mumbai partner Narendra Dingankar, manager Hemang Parekh and associate Anupam Shukla acted for IVF Trustee Company on what VC Circle reported is the largest private equity investment in an Indian healthcare company.

IVFA has $1.4bn in assets under management and has been bullish on healthcare, according to the Times of India.

Tatva Legal Bangalore partner Manav Nagaraj acted for Manipal Health Enterprises and its promoters Manipal Global Health Services and Dr Ranjan Pai. In August Mint reported on the speculated fundraising by Manipal to double its hospital bed capacity in the next three years.

DSK Legal also advised Ahmedabad-based Biotechnology company Marck Biosciences in its fundraising from Tata Capital Healthcare Fund (TCH) which was advised by Desai & Diwanji, and IFCI Venture Capital Funds which was advised by R&A Associates.

DSK Legal Mumbai partner Narendra Dingankar and senior manager Rishabh Mastaram acted for Mark Biosciences.

Desai and Diwanji Mumbai partner Vihang Virkar acted for TCH.

R&A Associates founder partner Raghu Babu Gunturu acted for IFCI Venture Capital Funds.

Photo by: Jose Goulao

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Like +0 No like -0 Diwakar Agarwal 2012-12-21 18:33
Congrats Narendra - Well done!
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Like +0 No like -0 Lex 2012-12-21 20:04
Just wondering what Lexygen is upto?
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Like +0 No like -0 @lex 2012-12-22 19:22
Busy dealing with SVB'S legal n personal issues
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Like +1 No like -0 A former colleague 2012-12-22 06:19
Hemang is the best resource any firm can have. Smart, astute and competent. All the best buddy
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Like +0 No like -0 Anon 2012-12-24 05:09
Are you sure the amount of investment in the healthcare deal is correct? News reports say otherwise.
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Like +0 No like -0 Rajiv 2012-12-24 11:58
The figure is just about right! Heard about the deal from several people within the industry and they say, they expected a bigger deal, but the figure quoted here was sort of a assured investment
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Like +0 No like -0 IB 2012-12-27 17:00
are u a lawyer or an investment banker ?
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Like +0 No like -0 Anonymous 2012-12-24 09:04
Go DSK!!! Nice to see your deals. Hope to see more. Cheers to Anand, Satish, Raksha, Balbir, Ajesh and the rest of the team!
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Like +0 No like -0 Anon 2012-12-24 14:13
What about Narendra who has done the aforesaid deal and of whom we have heard off?
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Like +0 No like -0 Wellwisher 2012-12-24 14:39
Congratulations to Tatva! Great show Manav!
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Like +0 No like -0 Deal Team 2012-12-26 09:18
Good Job Bhargava!
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