Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. The acquisition will be undertaken through a series of transactions, including Radiant’s purchase of a 49.7% stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all cash deal, followed by demerger of Radiant’s healthcare assets into Max Healthcare which will result in KKR and Radiant promoter Abhay Soi together acquiring a majority stake in Max Healthcare.

— The Economic Times

L&L Partners advised seller Life Healthcare International Proprietary Limited on its sale of a 49.7% stake in the merger led by a team of partner Alina Arora and Samarth Gupta (managing associate), Parth Singh and Somil Garg (associates). partner Lokesh Shah and managing associate Mayank Aggarwal were involved in advising the client on the Transaction from a tax law perspective.

Update 30 May 2019: AZB & Partners advised Radiant Life Care Private Limited led by a team of partners Ashwath Rau, Harsh Maggon, Ami Parikh, Anil Kasturi, Niladri Maulik and Anisha Shridhar, and associates Atreya Bhattacharya, Raina Upadhyay, Siddharth Khanna, Nikita Arora, Anupam Misra.

2018-12-24

Deal value: USD 1 billion

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.