{"id":46916,"date":"2025-01-22T09:35:19","date_gmt":"2025-01-22T09:35:19","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=46916"},"modified":"2025-01-22T09:36:15","modified_gmt":"2025-01-22T09:36:15","slug":"saraf-and-partners-acts-for-fortis-healthcare-in-relation-to-buy-out-of-private-equity-investors-in-its-subsidiary-agilus-for-inr-1770-crores","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/saraf-and-partners-acts-for-fortis-healthcare-in-relation-to-buy-out-of-private-equity-investors-in-its-subsidiary-agilus-for-inr-1770-crores\/","title":{"rendered":"Saraf and Partners acts for Fortis Healthcare in relation to buy-out of private equity investors in its subsidiary, Agilus for INR 1770 Crores"},"content":{"rendered":"<p><strong>Saraf and Partners acted for Fortis Healthcare Limited (Fortis Healthcare) in relation to the acquisition of 31.52% equity stake in its subsidiary, Agilus Diagnostics Limited (Agilus),<\/strong> <!--more-->from three private equity investors, namely &#8211; NYLIM Jacob Ballas India Fund III LLC (<strong>NYLIM Jacob Ballas<\/strong>), Resurgence PE Investments Limited (<strong>Resurgence<\/strong>) and International Finance Corporation (<strong>IFC<\/strong>) for a cash consideration of approx. <strong><u>INR 1770 crores<\/u><\/strong> (approx. <strong><u>USD 207 million<\/u><\/strong>).<\/p>\n<p>Agilus is a leading Indian company engaged in providing diagnostics services and is a material subsidiary of Fortis Healthcare.<\/p>\n<p>Saraf and Partners (S&amp;P) acted for Fortis Healthcare and Agilus on all aspects of the transaction, including the structuring of the deal; drafting &amp; negotiation of several transaction documents; raising debt for consummating the transaction and drafting &amp; finalization of financing documents as well as successfully securing regulatory approval of Competition Commission of India (CCI) for the transaction.<\/p>\n<p>The transaction team at S&amp;P was led by <strong>Vaibhav Kakkar (<em>Senior Partner<\/em>),<\/strong> <strong>Sahil Arora (<em>Partner<\/em><\/strong>) and <strong>Debarpan Ghosh (<em>Partner<\/em>)<\/strong>. The Banking and Finance team was led by <strong>Rohit Raghavan (<em>Partner<\/em>)<\/strong>; and the competition team was led by <strong>Akshayy S Nanda (<em>Partner<\/em>).<\/strong><\/p>\n<p>TT&amp;A acted for all three private equity investors \u2013 NYLIM Jacob Ballas, Resurgence and IFC, in the transaction.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-46918\" src=\"https:\/\/www.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Debarpan-Ghosh.jpg\" alt=\"\" width=\"549\" height=\"434\" srcset=\"https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Debarpan-Ghosh.jpg 475w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Debarpan-Ghosh-300x237.jpg 300w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-46920\" src=\"https:\/\/www.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar.jpg\" alt=\"\" width=\"363\" height=\"478\" srcset=\"https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar.jpg 1646w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar-228x300.jpg 228w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar-777x1024.jpg 777w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar-768x1012.jpg 768w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar-1166x1536.jpg 1166w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Vaibhav-Kakkar-1555x2048.jpg 1555w\" sizes=\"auto, (max-width: 363px) 100vw, 363px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-46922\" src=\"https:\/\/www.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Sahil-Arora.jpg\" alt=\"\" width=\"323\" height=\"455\" srcset=\"https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Sahil-Arora.jpg 371w, https:\/\/my.legal500.com\/developments\/wp-content\/uploads\/sites\/19\/2025\/01\/Sahil-Arora-213x300.jpg 213w\" sizes=\"auto, (max-width: 323px) 100vw, 323px\" \/><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-46916","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/46916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=46916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}