Cyril Amarchand Mangaldas advised Kotak Mahindra Bank to Spaceway Wellness for acquisition of Indira IVF Hospital Private Limited

Cyril Amarchand Mangaldas advised Kotak Mahindra Bank to Spaceway Wellness for acquisition of Indira IVF Hospital Private Limited

Cyril Amarchand Mangaldas advised consortium of lenders led by Kotak Mahindra Bank Limited (Kotak) in relation to the provision of financial assistance to Spaceway Wellness Private Limited (Spaceway Wellness) by way of a long-term rupee term loan facility of INR 550 crores and a short-term rupee term loan facility of INR 600 crores for the purpose of inter alia financing the acquisition of shares of Indira IVF Hospital Private Limited (Indira IVF) from exiting shareholders and repayment of promoter loans.

The Projects & Project Finance, and Disputes Practices of Cyril Amarchand Mangaldas advised the lenders on the Transaction.

The Transaction team consisted of Subhojit Sadhu, Partner; Nandita Menon, Principal Associate; Shehryar Khanum, Consultant; Aayushi Bindal, Associate; and Tanishka Lall, Associate.

The Litigation diligence and advisory was led by Ankoosh Mehta, Partner; with support from Aviral Sahai, Principal Associate; and King Dungerwal, Associate.

Mr. L. Viswanathan, Partner; advised on structure and litigation aspects of the transaction.

Other Parties and Advisors to the transaction included:

Kotak Mahindra Bank Limited, Hero Fincorp Limited, Tata Cleantech Capital Limited, Axis Finance Limited and Aditya Birla Finance Limited (together as Lenders); Spaceway Wellness Private Limited (Borrower); Indira IVF Hospital Private Limited (Target Company); Catalyst Trusteeship Limited (Agent & Security Trustee); Vanja Business Advisors Private Limited (Financial advisors to Borrower group); TA Associates (Advisors to Borrower group).

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