Shardul Amarchand Mangaldas & Co. advises TPG Growth LLC to acquire stakes in API Holdings Private Limited

July 28, 2021

Shardul Amarchand Mangaldas & Co. advised TPG Growth LLC (“TPG”) on a series of separate transactions relating to: (i) acquisition of additional stake by TPG in API Holdings Private Limited (“API Holdings”), the owner and developer of the ‘Pharmeasy’ online retail pharmacy platform; and (ii) subsequent rounds of investment by Naspers Ventures, Tiger Global and B Capital in API Holdings, on negotiating and restructuring its rights as an existing shareholder vis-à-vis the other shareholders.

The General Corporate team was led by Iqbal Khan, Partner, Faraz Khan, Partner; Ashid Basheer, Senior Associate and Sumedha Mazumdar, Associate. The Competition Law team included Aparna Mehra, Partner Yaman Verma, Partner; Saumya Raizada, Associate; and Apurv Jain, Associate.

HCVT and PwC advised TPG on offshore and Indian tax aspects of the transaction respectively. AZB & Partners advised API Holdings.