Multiples Private Equity has acquired the animal healthcare business of Zydus Animal Health And Investments Limited, a subsidiary of Cadila Healthcare for an aggregate consideration of Rs. 2,921 Crores.
The acquisition is being undertaken along with a consortium of investors including CPPIB and RARE (Rakesh Jhunjhunwala).
J. Sagar Associates (JSA) advised Multiples Private Equity.
The JSA team comprised Partners Vikram Raghani and Apurva Jayant along with Associates Amritha Kumar, Vishakha Panchangam and Nikhil Variyar.
Cyril Amarchand Mangaldas represented Zydus Animal Health.
The Transaction team was led by Managing Partner Cyril Shroff, and Partners Ruetveij Pandya and Ravi Shah, with support from Senior Associate Saurabh Sharma and Associates Dipti Bajaj, Avani Dalal and Ravisha Seth.
The legal due diligence team was led by Partner Ravi Shah with support from Senior Associate Prashant Bakhru and Senior Associate - Designation Arzoo Virmani and Associates Avani Dalal and Ravisha Seth.
Partner Anshuman Sakle assisted on the Competition Law aspects of the Transaction.