Shardul Amarchand Mangaldas & Co. advises TPG Growth V SF Markets Pte. Ltd. to acquire stake in API Holdings Private Limited

April 8, 2021

Shardul Amarchand Mangaldas & Co. advised TPG Growth V SF Markets Pte. Ltd. to acquire stake in API Holdings Private Limited, the owner and the developer of ‘Pharmeasy’, the online retail pharmacy platform. The transaction included a primary investment as well as a series of secondary investments. The date of closing was March 1, 2021.

The General Corporate team was led by Iqbal Khan, Partner; Faraz Khan, Partner; Ashid Basheer, Senior Associate; Tanvee Vasudevan, Senior Associate; Amrita Rana, Associate; Avni Merchant, Associate; and Sumedha Mazumdar, Associate. The Competition Law team was led by Yaman Verma, Partner; Kajori De, Associate; Saumya Raizada, Associate; and Apurv Jain, Associate. The Employment and Labor laws team was led by Pooja Ramchandani, Partner; Kriti Kaushik, Principal Associate; and Suryansh Gupta, Associate. The Intellectual Property team was led by Mukul Baveja, Partner. The Tax team was led by Abhay Sharma, Partner; and Priyanka Jain, Senior Associate.

HCVT and PwC advised TPG Growth V SF Markets Pte. Ltd. on offshore tax aspect and Indian tax aspect, respectively.

AZB & Partners advised API Holdings Private Limited, Kedar Mankekar, Morbia Family, Medi Assist Healthcare Services Limited, Pradeep Chheda, Siddharth Shah and Nirupam Sheth and Mrs. Bela Sheth. Nishith Desai Associates advised Evermed Holdings Pte. Ltd., Tatva Legal advised Aarin Capital Partners and MEMG Family Office LLP and Trilegal advised Prasid Uno Family Trust.