UAE-based Gulf Islamic Investments (GII) and healthcare-focused private equity firm Quadria Capital (QC) have co-invested in a minority stake in Indian drugmaker Encube Ethicals Pvt. Ltd. Kennedy Chen had principally advised GII in the underlying M&A relationships and transactional matters between GII and QC in the run-up to the consortium’s eventual acquisition above, including advice on underlying documentation, legal and commercial strategies and necessary regulatory perspectives. For GII, the deal expands its India healthcare portfolio. The firm had made its first India foray in January 2020 when it closed its maiden healthcare deal. It had invested in a chain of hospitals and a diagnostics company.
Mr Kinshuk Kislaya, Senior Legal Counsel of GII, had been pivotal in managing the overall transaction from commencement to completion, which spanned Singapore and India perspectives and various working parts to come together in order for the broader deal to come to fruition. This was not the first time Kennedy had worked with Mr Kislaya, and the Harry Elias Partnership team is heartened to have assisted GII on this deal with the benefit of Mr Kislaya’s background, experience and a hands-on attitude as GII’s in-house legal counsel.
On Kennedy’s participation, Mr Kislaya commented, “Kennedy’s know-how of international/cross-border M&A and the Singapore regulatory milieu, coupled with his keen understanding of commerce and business, have collectively boosted and added value to our present endeavour.”
For more information on this deal, please refer to: https://thecapitalquest.com/2021/06/29/quadria-capital-gulf-islamic-investments-buy-into-encube-ethicals/