•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Desai & D acts for Apollo Hospitals Dhaka promoter with SAM, Trilegal on $100 million+ takeover by TPG, CDC

South Asia- and Africa-focused healthcare delivery platform Evercare, a portfolio company of TPG’s The Rise Fund, has acquired Bangladesh-based Apollo Hospitals Dhaka for BDT10b (approximately USD118m).


Desai & Diwanji advised STS Holding Ltd. (Promoter of Apollo Hospitals-Dhaka) led by a team of partner Aneesh Gupte and senior associate Shreya Iyer.

Also advising was Shardul Amarchand Mangaldas, led by senior partner Iqbal Khan, principal associate Faraz Khan, associate Tanavi Mohnaty, associate Devika Menon, associate Shradha Nigam and associate Ashid Basheer.

Update 8 April 2020: Trilegal advised CDC Group plc led by a team including partners Nishant Parikh and Arjun Ghose; counsel Sneha Vardhan and associates Shubhaang Sinha and Vyshnav Karthik.


The primary jurisdiction of the deal was Bangladesh.

Deal value: $125.3m approximately

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click to show 1 comment
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.