South Asia- and Africa-focused healthcare delivery platform Evercare, a portfolio company of TPG’s The Rise Fund, has acquired Bangladesh-based Apollo Hospitals Dhaka for BDT10b (approximately USD118m).

— Empea

Desai & Diwanji advised STS Holding Ltd. (Promoter of Apollo Hospitals-Dhaka) led by a team of partner Aneesh Gupte and senior associate Shreya Iyer.

Also advising was Shardul Amarchand Mangaldas, led by senior partner Iqbal Khan, principal associate Faraz Khan, associate Tanavi Mohnaty, associate Devika Menon, associate Shradha Nigam and associate Ashid Basheer.

Update 8 April 2020: Trilegal advised CDC Group plc led by a team including partners Nishant Parikh and Arjun Ghose; counsel Sneha Vardhan and associates Shubhaang Sinha and Vyshnav Karthik.

2020-02-17

The primary jurisdiction of the deal was Bangladesh.

Deal value: $125.3m approximately

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