J. Sagar Associates advised Multiples Private Equity in its acquisition of 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).
Zydus AH is the second largest and one of the fastest growing animal health businesses in India. The business enjoys leadership position across a wide spectrum of therapeutic and nutritional products for livestock and poultry animal segments. It employs approximately 700 people and has one manufacturing facility in Haridwar. The transaction involves transfer of Immovable Assets, Movable Assets, Inventory, Brands and Intangible Assets, Contracts, Licenses and Permissions, Business Records, Employees along with Employee Benefit Funds, Insurance Policies, Other Assets and Assumed Liabilities.
The JSA team comprised Partners Vikram Raghani and Apurva Jayant, Associates – Amritha Kumar, Vishakha Panchangam and Nikhil Variyar.
Vikram is the Co-Chair of the Corporate Practice at JSA. His areas of practice include mergers & acquisitions, private equity and securities laws (including capital markets). He has been involved in private equity and mergers & acquisitions transactions also focusing on public market investments and M&A.