Khaitan & Co advised CPC Diagnostics Private Limited – Acquisition of Weldon Biotech.
| NO | HEADINGS | DETAILS |
| 1. | Sector | Medical device |
| 2. | Completion Date | 12-Apr-2022 |
| 3. | Name of Client | CPC Diagnostics Private Limited |
| 4. | Buyer Details | CPC Diagnostics Private Limited | India |
| 5. | Seller Details | Weldon Biotech (India) Private Limited and SM Biotech | India |
| 6. | Deal Description | Advised CPC Diagnostics Private Limited, a subsidiary of Everlife, in relation to transfer of the business undertaking of distribution of fluorescence lateral flow based POCT instruments, from Weldon Biotech (India) Private Limited and SM Biotech to CPC Diagnostics Private Limited. |
| 7. | Total Consideration | Confidential |
| 8. | Team Members | The core team consisted of Vineet Shingal (Partner), Devaditya Chakravarti (Principal Associate), Saumya Kakar (Principal Associate), Raj Nandini (Associate), Virali Nagda (Associate), Vivek Narayan (Associate) with assistance from:
Intellectual Property: Shailendra Bhandare, Sourav Dan, and Rhea Ghanshani.
Data Privacy: Supratim Chakraborty, Sumantra Bose and Tashi Gyanee.
Indirect Tax: Dinesh Kumar Agrawal. |
| 9. | Role of Firm | Advised CPC Diagnostics Private Limited, a subsidiary of Everlife, on the due diligence, structure of transaction, drafting, negotiating, and finalisation of transaction documents. |
| 10. | Other legal advisors if any | Khaitan Legal Associates represented the Sellers |