Deal: Acquisition of majority stake in VLCC Health Care by Carlyle Group

Trilegal advised Carlyle Group on the acquisition of a majority stake in VLCC Health Care Limited, a leading Wellness & Beauty services and products organisation founded by Mrs. Vandana Luthra in 1989. VLCC serves customers across 310 locations in 143 cities spanning 12 countries in South Asia, South East Asia, the Gulf Cooperation Council Region and East Africa.

The deal was led by our Corporate Partners Nishant Parikh, Harsh Maggon, Sneha Vardhan and Pranav Atit. Atul Gupta (Labour and Employment); Rahul Arora (Real Estate); Tine Abraham (Dispute Resolution); and Jyotsana Jayaram (TMT) were other key Partners involved in the Trilegal team.

They were supported by attorneys including Kirti Balasubramanian, Kanishka Maggon and Shivani Rawat, Counsels; Vyshnav Karthik, Soumya Bhargava, Disha Jha, Rachana Rautray and Neha Vijayvargi, Senior Associates; Siddhant Nair, Shreya Shenolikar, Vishesh Mehrotra, Swati Agrawal, Priya Venkatesan, Pavitra Naidu, Yash Modi, Saptarshi Das, Apoorva Singh, Varun Bhargava, Bhavik Shukla, Tania Gupta, Harshit Anand, Gaurav Utagikar, Jojongandha Ray, Angelika Awasthi and Madhav Tampi, Associates; Vadiraja PS, Senior Consultant; Ansif Latheef, Consultant.

Media Coverage:

https://www.reuters.com/markets/deals/carlyle-group-buys-majority-stake-indias-vlcc-2023-01-10/

https://www.carlyle.com/media-room/news-release-archive/carlyle-acquires-majority-stake-help-accelerate-business-growth-VLCC

https://www.livemint.com/companies/news/carlyle-group-buys-majority-stake-in-skin-care-and-beauty-product-brand-vlcc-11673333070146.html

https://economictimes.indiatimes.com/industry/cons-products/fmcg/carlyle-buys-wellness-beauty-co-vlcc-pays-275-300-mn-for-nearly-70-stake/articleshow/96878389.cms

https://www.financialexpress.com/industry/carlyle-acquires-majority-vlcc-stake-for-300-mn/2943997/

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com