Verlinvest SA has acquired a minority stake in The Eye Foundation Limited for an aggregate consideration of $75 million. 

Khaitan & Co advised The Eye Foundation Limited and its promoters on this transaction. The Firm was involved in conducting a vendor legal due diligence of the client and advising the client on all aspects of the transaction, including structuring, drafting, negotiation and finalisation of transaction documents, closing and post-closing aspects.

The core team consisted of Vivek Sriram (Partner), Varun Narayan (Partner), Atul Narayan (Senior Associate), Karthik Sridhar (Senior Associate), Associates Aanchal Kapoor, Akhila Deekshitha Baddepudi, Rexey Soosan Sabu and Vishnu Vasudevan Chengath with assistance from the following:

Employment law related aspects: Vinay Joy (Partner), Aditya J Nair (Senior Associate) and Shaaryl Dsouza (Associate);

Data Privacy related aspects of the transaction: Supratim Chakraborty (Partner), Sumantra Bose (Counsel) and Mayank Barman (Associate);

Intellectual property related aspects: Nirupam Lodha (Partner) and Shivangi Narang (Principal Associate);

Real estate related aspects: Vaishnavi Subrahmanyam (Principal Associate) and Hemangini Srinidhi (Associate).

The Eye Foundation Limited, founded and headquartered in Coimbatore, operates over 25 hospitals across Tamil Nadu, Kerala and Karnataka.

This investment is Verlinvest’s largest commitment in Indian healthcare and also marks one of the largest single specialty healthcare investments by private equity in India.

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