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Private equity firm Everstone Group is acquiring a controlling stake in Sahyadri Hospitals, the largest hospital chain in Maharashtra.
AZB & Partners acted for Everstone and the team was led by Partners Gautam Saha, Sachin Mehta and Dushyant Bagga along with Senior Associates Roy George and Punita Gupta.
Senior Associate Alpesh Parekh advised on real estate aspect of the transaction.
Agram Legal Consultants acted for Sahyadri Hospitals Promoters and PE firm IDFC Alternatives (controlling shareholder) and the team was led by Partner Vaishali Sharma.
The deal involves a combination of primary investment into the Pune-based company and a secondary share purchase from its investors.
The investment will help Sahyadri to cement its position as the leading healthcare chain in Maharashtra, reported Mint.
Image taken from here.