The Eye Foundation Limited - Acquisition of a minority stake by Verlinvest SA
Khaitan & Co advised The Eye Foundation Ltd and its promoters on the acquisition of a minority stake by Verlinvest SA in The Eye Foundation Ltd for an aggregate consideration of USD 75 million.
The deal is Verlinvest’s largest commitment in Indian healthcare and also marks one of the largest single specialty healthcare investments by private equity in India.
The Eye Foundation Ltd, founded and headquartered in Coimbatore, operates over 25 hospitals across Tamil Nadu, Kerala and Karnataka.