Manipal Hospitals PE transaction with Temasek biggest M&A deal of 2023

Manipal Hospitals Enterprises Private Ltd’s private equity transaction with Temasek – the largest-ever private equity deal in the healthcare sector in India – was named the 2023 Mergers & Acquisitions Deal of the Year by India Business Law Journal. Milbank Advises Manipal Hospitals on Largest-Ever Private Equity Deal in Healthcare Sector in India.

Milbank acted as international legal counsel for Manipal Hospitals and its promoters in connection with Temasek’s acquisition of a significant stake in Manipal Health, which also involves a partial exit to TPG and a full exit to National Investment and Infrastructure Fund-II. Manipal Hospitals is one of the largest healthcare providers in India, serving over five million patients annually with a network of 29 hospitals across 16 cities.

India Business Law Journal selected 50 landmark deals and disputes that closed, or had significant developments, in 2023. The deals and cases were chosen from almost 1,000 nominations received from Indian and international law firms and in-house counsel, as well as transactional data from public sources. Milbank LLP