---

July 29, 2016

TPG Growth invests in Rhea Healthcare Pvt. Ltd

DEAL BRIEF

TPG Growth (“TPG”) has acquired a significant majority stake in Bengaluru based Rhea Healthcare Pvt. Ltd (which operates a network of mother and child care centers in India under the ‘Motherhood’ brand, hereinafter referred to as “Motherhood”) as its recent investment in healthcare space in India.

Motherhood operates primarily in the southern part of the country and offers high-end neonatal intensive care units, and a team of gynecologists, neonatologists, and pediatricians.

Press coverage relating to this transaction, is available here (Forbes India) and here (Economic Times)

OUR ROLE

We, at Nishith Desai Associates, acted as the legal, tax and regulatory counsel to Rhea Healthcare Pvt. Ltd.