Acquisition of Zydus Animal Health Business by Multiples Private Equity

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.