Zydus Animal Health and Investments Limited’s $396 Million Business Transfer Agreement

J Sagar Associates advised Multiples Private Equity.

Zydus Animal Health and Investments Limited (ZAHL) entered into a Business Transfer Agreement (BTA) and other ancillary agreements to sell and transfer its Animal Healthcare Established Markets Undertaking to Multiples Alternate Asset Management led consortium.

The deal was valued at approx. INR 2,921 crores ($396 million approximately) and the acquisition is being undertaken along with a consortium of investors including CPPIB and Rakesh Jhunjhunwala-owned RARE Enterprises.

The J Sagar Associates team was led by partners Vikram Raghani (Picture) and Apurva Jayant, associates Amritha Kumar, Vishakha Panchangam and Nikhil Variyar.

Involved fees earner: Apurva Jayant – J. Sagar Associates (JSA); Amritha Kumar – J. Sagar Associates (JSA); Vishakha Panchangam – J. Sagar Associates (JSA); Vikram Raghani – J. Sagar Associates (JSA); Nikhil Variyar – J. Sagar Associates (JSA);

Law Firms: J. Sagar Associates (JSA);

Clients: Multiples Alternative Asset Management ;

Author: Sonia Carcano