ASG Hospitals’ $43.7 Million Round Funding


Khaitan & Co advised Foundation Holdings in relation to its investment of more than 35% in ASG Hospitals Private Limited

Foundation Holdings, a global strategic investment firm that focuses on investing in healthcare, education, and consumer sector in India, executed its investment of more than 35% in ASG Hospitals Private Limited (Target) for a total consideration of USD 43.7 million.

ASG Hospitals was founded in 2005 and has 33 centres in India, and one each in Africa and Nepal. The eye care chain, started by All India Institute of Medical Science-trained doctors, is also backed by Sequoia Capital and Investcorp.

Khaitan & Co advised Foundation Holdings with a team including Mayank Singh (Picture), Aditya Singha, Suraj Meher and Shachi Singh.

Partners Vineet Shingal, Deepak Jodhani and Principal Associate Vinita Choudhury advised Investcorp India Asset Managers Private Limited, an existing investor that will continue as an investor in the Target.

Involved fees earner: Vinita Choudhury – Khaitan & Co.; Deepak Jodhani – Khaitan & Co.; Vineet Shingal – Khaitan & Co.; Mayank Singh – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Foundation Holdings ; Investcorp;