Khaitan, Wadia, Weils bring hospital under Advent PE care for $105m

Thursday, 26 April 2012 By Legally India Private equity / VC

Khaitan & Co and Weil Gotshal & Manges advised UK-based Private Equity (PE) fund Advent International Corporation in its Rs 552 crore ($105m) purchase of equity in Hyderabad-based hospital Quality Care India which was advised by Wadia Ghandy.

Khaitan & Co corporate partners Haigreve Khaitan and Bhavik Narsana with dispute resolution partner Chakrapani Misra, direct tax partner Sanjay Sanghvi, and real estate associate partner Abhishek Sharma, and Weil Gotshal & Manges senior associate Simon Lyell acted for the $26bn Europe, Americas and Asia focused PE fund in its third Indian investment.

Wadia Ghandy partners Ashish Ahuja and Farnawaz Mistry advised Quality Care India which is one of the twelve hospitals that are part of the CARE hospital chain. CARE is the fifth largest hospital chain in India, and the largest in South-India, with a significant domestic market share in Andhra Pradesh.

Advent acquired a significant stake in Quality Care India, but management and control remained with the hospital.

The deal is the second largest investment by a PE firm in the Indian healthcare services sector, according to VC Circle.

Khaitan & Co Wadia Ghandy Weil Gotshal & Manges

Comments

G 26 Apr 2012, 13:23

+0 -0

I think that deals package was a better thing than reporting of deals individually like this!

kianganz 27 Apr 2012, 12:21

Hi - thanks for your feedback and glad you like the deals roundup - there was quite a bit of criticism when we first started that format.

We intend to do both - some of the bigger or more interesting exclusive deals that stand out, we want to report separately, while the other ones we will still include in the deals round-up.

Any thoughts and suggestions welcome.

Best regards
Kian

Anon 29 Apr 2012, 05:24

KCO had 3 partners and 1 associate partner working on the deal and Weils only had 1 senior associate....?

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