Ropes & Gray Represents Baring Private Equity Asia in Acquisition of Healthcare Services Business of Hinduja Global Solutions
Ropes & Gray represented Baring Private Equity Asia in the acquisition of the Healthcare Services business of Hinduja Global Solutions Limited. The transaction was based on an enterprise value of $1.2 billion. An announcement that the transaction has been completed was made public in a Jan. 6 press release.
HGS’ Healthcare Services business supports payer, providers, laboratories, durable medical equipment firms and pharmaceutical companies. The business has over 20,000 employees across four geographies – India, the Philippines, the US and Jamaica – and recorded FY2021 revenue of approximately $400 million.
The Ropes & Gray team that represented Baring Private Equity Asia was led by private equity partner Martin Ruhaak (Chicago), and included mergers & acquisitions counsel Thomas Burke (New York), tax partner Elaine Murphy (Boston), health care partner Jennifer Romig (Chicago), private equity partners Neill Jakobe (Chicago) and Elizabeth Todd (London), data, privacy & cybersecurity partner Rohan Massey (London), litigation & enforcement partners Timothy Farrell (Chicago) and Andy Dale (Hong Kong), employment, executive compensation & benefits partner Jennifer Cormier (Boston), data, privacy & cybersecurity counsel Kevin Angle (Boston) and litigation & enforcement counsel Steven Kaye (Boston).