Sarayu Satish
Clove Legal, Verist Lawand Reina Legal have advised on multiple transactions for PVP Ventures’ strategic healthcare acquisitions at a combined value of INR1.82 billion (USD20.6 million).
Verist Law advised PVP Ventures, a listed company in the healthcare sector, on two strategic acquisitions in India. Principal associate Sarayu Satish and senior associate Kanchi Malhotra led the Verist Law team, advising on both transactions.
The first transaction, valued at INR55o million, involved the acquisition of cancer care provider Optimus Oncology, with the deal structured through a mix of primary and secondary stake purchases. BDO India acted as financial adviser, while Clove Legal counselled Optimus Oncology.
In the second transaction, PVP Ventures acquired a stake in 7 Med India and the Epitome Group of Hospitals, a healthcare group specialising in nephrology services. This was a structured buyout of a controlling stake, valued at around INR1.27 billion. In this deal, Transaction Square acted as financial adviser to PVP Ventures, with BDO India and Reina Legal advising the target.
