Apr 14, 2023

TPG in Temasek’s proposed acquisition of controlling stake in Manipal Hospitals

AZB & Partners is acting as the counsel for TPG in Temasek’s proposed acquisition of controlling stake in Manipal Hospitals. The transaction, regarded as one of the largest private equity transactions in the healthcare segment in India, will see stake sale by TPG Asia VI and an investment by TPG’s new Asia fund – TPG Asia VIII.

The deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Bhuvana Veeraragavan, Associates Sana Nagar, Raina Kanungo and Priyasha Goyal. They were supported by our Associates Neha Susan Rajan, Gopika Menon and Anshu Maheswari on the due diligence issues, and by our Partner Bharat Budholia, Associates Vayshnavi Ganesh, Shruthi Rao, Ruchi Khanna and Nandini Modi on the competition law issues.

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