Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 05 2018

Fortis Adds Arpwood Capital as second financial advisor For fortis deal

Arpwood is expected to provide its independent opinion on present or future offers received from bidders for a potential "significant" equity investment, acquisition or restructuring of Fortis' assets, the company said.

Fortis Adds Arpwood Capital as second financial advisor For fortis deal

Fortis Healthcare has sought investment banking firm Arpwood Capital Private Limited to act as a second financial advisor on offers that have come in for the company.

Arpwood is expected to provide its independent opinion on present or future offers received from bidders for a potential "significant" equity investment, acquisition or restructuring of Fortis' assets, the company said.

It will also advise on the "appropriateness" of the process put in place for dealing with these offers, Fortis added.

On April 28, the Fortis board instructed the company's management to appoint a second independent financial advisor, apart from Standard Chartered Bank, to assist and advise it with respect to the bids. The company also continues to be advised by Cyril Amarchand Mangaldas as legal advisor.

Manipal-TPG, IHH Healthcare Bhd, Radiant Life Care-KKR and Hero Enterprise Investment Office-Burman Family Office have made bids for Fortis.

A two-member expert advisory committee will review these offers and recommend one for a potential deal to the company's board. The board is expected to deliberate on the committee's recommendations on May 10.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Planning for a low cost business to start? SQAC..
    Locations looking for expansion Goa
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Goa Goa
  • About Us: Café Durga was started by Kapil Anil Kulkarni in..
    Locations looking for expansion Maharashtra
    Establishment year 2003
    Franchising Launch Date 2008
    Investment size
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Pune Maharashtra
  • About Us: The Purple Salon & Spa is your destination for..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Living Healthy 24, a venture of Kolkata-based Culmination Healthcare..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities