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
  • Bathroom & Ceramics
           India’s first professionally scaled portable sanitation and..
    Locations looking for expansion Haryana
    Establishment year 1999
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Casual Dine Restaurants
    Fromage, as the name suggests, is the Cheesiest place in..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Kids Entertainment Zones
    I Dig History is the first of it’s kind Children’s..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Competitive Exam Coaching Institute
    We are a test prep and education company eying on..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities