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Bharat Anand

Partner at Khaitan & Co

Lawyer

Delhi

Deal Bio

Total Deals61

Valued Deals50

Total Value£ 11.95 B

Avg. Deal Size£ 239 M

Market Context

Awards

2021 Top M&A Lawyers in India

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02 Sep 2020|India|Software

Target: UNACADEMY

Bidder: SOFTBANK VISION FUND 2

10 Service Providers

3 Target | 7 Bidder

39 Dealmakers

7 Target | 32 Bidder

£ 111 M

Value

14 Aug 2020|India|Software

Target: RATEGAIN

Bidder: AVATAAR VENTURE PARTNERS

3 Service Providers

2 Target | 1 Bidder

6 Dealmakers

5 Target | 1 Bidder

£ 11 M

Value

15 Nov 2020|United States|Software

Target: MINDTICKLE

Bidder: CANAAN PARTNERS

7 Service Providers

1 Target | 6 Bidder

16 Dealmakers

3 Target | 13 Bidder

£ 75 M

Value

02 Nov 2020|Malaysia|Health Care Facilities

Target: COLUMBIA ASIA HOSPITALS PRIVATE LIMITED

Bidder: MANIPAL HEALTH ENTERPRISES PRIVATE LIMITED

7 Service Providers

2 Target | 3 Bidder | 2 Vendor

50 Dealmakers

3 Target | 43 Bidder | 4 Vendor

£ 217 M

Value

24 Feb 2021|India|Renewable Energy Equipment

Target: RENEW POWER PRIVATE LTD

Bidder: RMG ACQUISITION CORP II

27 Service Providers

9 Target | 7 Bidder | 11 Vendor

111 Dealmakers

53 Target | 38 Bidder | 23 Vendor

£ 5.68 B

Value

05 Apr 2021|India|Education Services

Target: AAKASH EDUCATIONAL SERVICES

Bidder: BYJU'S

6 Service Providers

2 Target | 3 Bidder | 1 Vendor

25 Dealmakers

20 Target | 2 Bidder | 3 Vendor

£ 727 M

Value

26 Feb 2021|India|Brewers

Target: MOLSON COORS INDIA

Bidder: INBREW HOLDINGS

4 Service Providers

3 Bidder | 1 Vendor

14 Dealmakers

13 Bidder | 1 Vendor

n/a

Value

18 Mar 2021|India|Telecommunications Services: Other

Target: TATA COMMUNICATIONS

Bidder: PANATONE FINVEST

8 Service Providers

1 Target | 2 Bidder | 5 Vendor

25 Dealmakers

21 Bidder | 4 Vendor

£ 528 M

Value

24 May 2021|India|Financial Data and Systems

Target: ZETA

Bidder: SODEXO SA

6 Service Providers

2 Target | 4 Bidder

14 Dealmakers

3 Target | 11 Bidder

£ 176 M

Value

28 Jun 2021|India|Pharmaceuticals

Target: ENCUBE ETHICALS

Bidder: GULF ISLAMIC INVESTMENTS

6 Service Providers

1 Target | 3 Bidder | 2 Vendor

9 Dealmakers

1 Target | 7 Bidder | 1 Vendor

£ 88 M

Value

31 Jul 2021|India|FinTech

Target: OFBUSINESS

Bidder: SOFTBANK VISION FUND 2

6 Service Providers

2 Target | 4 Bidder

28 Dealmakers

5 Target | 23 Bidder

£ 114 M

Value

20 Sep 2021|India|E-commerce

Target: CARS24

Bidder: DST GLOBAL

9 Service Providers

2 Target | 7 Bidder

27 Dealmakers

11 Target | 16 Bidder

£ 247 M

Value

08 Jun 2021|India|Digital Services

Target: WHATFIX

Bidder: F-PRIME CAPITAL

10 Service Providers

3 Target | 7 Bidder

20 Dealmakers

6 Target | 14 Bidder

£ 66 M

Value

11 Jul 2021|India|Automobiles

Target: HERO ELECTRIC

Bidder: GULF ISLAMIC INVESTMENTS

5 Service Providers

3 Target | 2 Bidder

10 Dealmakers

8 Target | 2 Bidder

£ 22 M

Value

24 Dec 2021|India|Building Materials: Other

Target: VECTUS

Bidder: WAVIN

4 Service Providers

3 Target | 1 Bidder

13 Dealmakers

11 Target | 2 Bidder

n/a

Value

17 Mar 2022|India|Containers and Packaging

Target: JINDAL POLY FILMS LTD

Bidder: BROOKFIELD ASSET MANAGEMENT

7 Service Providers

3 Target | 4 Bidder

24 Dealmakers

21 Target | 3 Bidder

£ 200 M

Value

29 Mar 2022|India|Medical Services

Target: QURE.AI

Bidder: MASSMUTUAL VENTURES

7 Service Providers

2 Target | 5 Bidder

14 Dealmakers

5 Target | 9 Bidder

£ 30 M

Value

10 Nov 2021|India|Food Products

Target: WINGREENS FARMS

Bidder: OMIDYAR NETWORK

4 Service Providers

1 Target | 3 Bidder

8 Dealmakers

1 Target | 7 Bidder

£ 13 M

Value

29 Apr 2022|India|Clothing and Accessories

Target: SMI COATED PRODUCTS

Bidder: JINDAL POLY FILMS LTD

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 10 M

Value

27 May 2022|India|Brewers

Target: UNITED SPIRITS (32 LIQUOR BRANDS)

Bidder: INBREW HOLDINGS

6 Service Providers

3 Bidder | 3 Vendor

38 Dealmakers

35 Bidder | 3 Vendor

£ 84 M

Value

20 May 2022|India|Health Care Facilities

Target: PATHKIND

Bidder: MOTILAL OSWAL FINANCIAL SERVICES LIMITED

5 Service Providers

4 Target | 1 Bidder

18 Dealmakers

17 Target | 1 Bidder

£ 19 M

Value

01 Jul 2022|India|Software

Target: VURAM

Bidder: WNS (HOLDINGS) LIMITED

5 Service Providers

3 Target | 2 Bidder

16 Dealmakers

9 Target | 7 Bidder

£ 134 M

Value

28 Feb 2022|India|Pharmaceuticals

Target: PANACEA BIOTEC PHARMA (FORMULATIONS BRANDS)

Bidder: MANKIND PHARMA

5 Service Providers

2 Bidder | 3 Vendor

12 Dealmakers

11 Bidder | 1 Vendor

£ 186 M

Value

16 Aug 2022|India|Health Care Facilities

Target: SAHYADRI HOSPITALS LTD

Bidder: ONTARIO TEACHERS' PENSION PLAN BOARD

9 Service Providers

3 Target | 3 Bidder | 3 Vendor

26 Dealmakers

2 Target | 6 Bidder | 18 Vendor

£ 261 M

Value

17 Aug 2022|India|Auto Services

Target: EXPONENT ENERGY

Bidder: YOURNEST CAPITAL

3 Service Providers

1 Target | 2 Bidder

11 Dealmakers

1 Target | 10 Bidder

£ 11 M

Value

12 Jul 2022|India|E-commerce

Target: WHEELOCITY

Bidder: LIGHTSPEED VENTURE PARTNERS

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

1 Target | 8 Bidder

£ 10 M

Value

04 Oct 2022|India|Automobiles

Target: EULER MOTORS

Bidder: BLUME VENTURES

8 Service Providers

3 Target | 5 Bidder

10 Dealmakers

5 Target | 5 Bidder

£ 50 M

Value

09 Nov 2022|India|Health Care Facilities

Target: GLOBAL DENTAL SERVICES

Bidder: TYBOURNE CAPITAL MANAGEMENT LTD

7 Service Providers

3 Target | 4 Bidder

21 Dealmakers

19 Target | 2 Bidder

£ 58 M

Value

15 Mar 2023|India|Specialty Retailers

Target: LENSKART SOLUTIONS PRIVATE LIMITED

Bidder: ABU DHABI INVESTMENT AUTHORITY (ADIA)

12 Service Providers

7 Target | 5 Bidder

26 Dealmakers

19 Target | 7 Bidder

£ 411 M

Value

13 Mar 2023|India|Software

Target: WEBENGAGE

Bidder: SWC GLOBAL FUND

3 Service Providers

1 Target | 2 Vendor

8 Dealmakers

1 Target | 7 Vendor

n/a

Value

29 Mar 2023|India|Health Care Facilities

Target: AMRI HOSPITALS

Bidder: MANIPAL HEALTH ENTERPRISES PRIVATE LIMITED

4 Service Providers

2 Target | 2 Bidder

13 Dealmakers

1 Target | 12 Bidder

£ 230 M

Value

12 Jul 2023|India|Health Care Facilities

Target: MAXIVISION SUPER SPECIALITY EYE HOSPITALS

Bidder: QUADRIA CAPITAL

3 Service Providers

1 Target | 2 Bidder

16 Dealmakers

2 Target | 14 Bidder

£ 58 M

Value

15 Mar 2023|India|Digital Services

Target: HEALTHPLIX

Bidder: AVATAAR VENTURE PARTNERS

4 Service Providers

1 Target | 3 Bidder

8 Dealmakers

2 Target | 6 Bidder

£ 16 M

Value

06 Apr 2023|India|Travel and Tourism

Target: TRIPEUR

Bidder: NAVAN INC

3 Service Providers

1 Target | 2 Bidder

7 Dealmakers

1 Target | 6 Bidder

n/a

Value

20 Sep 2023|India|Health Care Facilities

Target: AMRI HOSPITALS

Bidder: MANIPAL HOSPITALS

5 Service Providers

2 Target | 2 Bidder | 1 Vendor

17 Dealmakers

1 Target | 13 Bidder | 3 Vendor

n/a

Value

13 Jul 2023|United States|Software

Target: ZLURI TECHNOLOGIES

Bidder: LIGHTSPEED VENTURE PARTNERS

4 Service Providers

1 Target | 3 Bidder

16 Dealmakers

1 Target | 15 Bidder

£ 15 M

Value

04 Sep 2023|British Indian Ocean Territory|Medical Equipment

Target: JOHARI DIGITAL HEALTHCARE

Bidder: SYRMA SGS

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

1 Target | 5 Bidder

n/a

Value

01 Oct 2023|India|Medical Supplies

Target: VIATRIS (WOMEN’S HEALTHCARE BUSINESS)

Bidder: INSUD PHARMA SLU

7 Service Providers

2 Bidder | 5 Vendor

32 Dealmakers

29 Bidder | 3 Vendor

£ 206 M

Value

24 Nov 2023|India|Health Care Facilities

Target: GLOBAL DENTAL SERVICES

Bidder: QATAR INVESTMENT AUTHORITY

4 Service Providers

2 Target | 2 Bidder

10 Dealmakers

9 Target | 1 Bidder

£ 39 M

Value

11 Oct 2023|India|Hotels and Motels

Target: DUET INDIA HOTELS (ITS 9 OPERATING ENTITIES)

Bidder: SAMHI HOTELS

2 Service Providers

1 Target | 1 Bidder

27 Dealmakers

26 Target | 1 Bidder

£ 115 M

Value

14 Dec 2023|India|Electrical Components

Target: EXPONENT ENERGY

Bidder: LIGHTSPEED VENTURE PARTNERS

2 Service Providers

2 Bidder

4 Dealmakers

4 Bidder

£ 21 M

Value

16 Jan 2024|India|Restaurants and Bars

Target: WOW! MOMO

Bidder: KHAZANAH NASIONAL BERHAD

4 Service Providers

2 Target | 2 Bidder

24 Dealmakers

19 Target | 5 Bidder

£ 39 M

Value

02 Apr 2024|India|Software

Target: BMW / TATA TECHNOLOGIES JV

Bidder: BMW AG

4 Service Providers

4 Bidder

17 Dealmakers

17 Bidder

n/a

Value

29 Apr 2024|India|Health Care Facilities

Target: MEDICA SYNERGIE

Bidder: MANIPAL HEALTH ENTERPRISES PRIVATE LIMITED

6 Service Providers

5 Bidder | 1 Vendor

19 Dealmakers

14 Bidder | 5 Vendor

£ 133 M

Value

27 Mar 2024|United Kingdom|Data Centers and Hosting

Target: FACTENTRY

Bidder: SIX GROUP AG

4 Service Providers

1 Target | 3 Bidder

22 Dealmakers

1 Target | 21 Bidder

n/a

Value

07 May 2024|India|Health Care Facilities

Target: NEPHROCARE HEALTH SERVICES

Bidder: QUADRIA CAPITAL

5 Service Providers

3 Target | 2 Bidder

19 Dealmakers

4 Target | 16 Bidder

£ 82 M

Value

29 May 2024|United States|Biotechnology

Target: ALGORICS

Bidder: PRECISION FOR MEDICINE

3 Service Providers

1 Target | 2 Bidder

17 Dealmakers

1 Target | 16 Bidder

n/a

Value

11 Jun 2024|United States|Media Agencies

Target: FREQUENCE INC

Bidder: MADHIVE

6 Service Providers

3 Target | 3 Bidder

11 Dealmakers

1 Target | 10 Bidder

n/a

Value

07 Aug 2024|India|Software

Target: EDUCATIONAL INITIATIVES

Bidder: HCL CAPITAL PRIVATE LIMITED

5 Service Providers

1 Target | 2 Bidder | 2 Vendor

15 Dealmakers

1 Target | 13 Bidder | 1 Vendor

£ 15 M

Value

29 May 2024|India|Health Care Facilities

Target: KITES SENIOR CARE

Bidder: COLUMBIA PACIFIC COMMUNITIES

3 Service Providers

1 Target | 2 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

20 Sep 2024|India|Education Services

Target: PHYSICS WALLAH

Bidder: HORNBILL CAPITAL

10 Service Providers

2 Target | 8 Bidder

20 Dealmakers

1 Target | 19 Bidder

£ 158 M

Value

25 Oct 2024|India|Construction Services

Target: ITD CEMENTATION

Bidder: RENEW EXIM

3 Service Providers

1 Target | 1 Bidder | 1 Vendor

19 Dealmakers

2 Target | 1 Bidder | 16 Vendor

£ 528 M

Value

25 Sep 2024|India|Digital Services

Target: WHATFIX

Bidder: WARBURG PINCUS LLC

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

1 Target | 8 Bidder

£ 97 M

Value

07 Dec 2024|India|Education Services

Target: BHANZU

Bidder: Z3 PARTNERS

2 Service Providers

1 Target | 1 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 12 M

Value

22 Jan 2025|India|Cosmetics

Target: MINIMALIST

Bidder: HINDUSTAN UNILEVER LIMITED

6 Service Providers

2 Target | 3 Bidder | 1 Vendor

22 Dealmakers

14 Target | 2 Bidder | 6 Vendor

£ 263 M

Value

10 Feb 2025|India|Hotels and Motels

Target: MAHANANDA SPA

Bidder: CHALET HOTELS

3 Service Providers

1 Bidder | 2 Vendor

8 Dealmakers

1 Bidder | 9 Vendor

£ 49 M

Value

27 May 2025|India|Clothing and Accessories

Target: CITYKART VENTURES PRIVATE LIMITED

Bidder: A91 PARTNERS

7 Service Providers

2 Target | 3 Bidder | 2 Vendor

21 Dealmakers

10 Target | 6 Bidder | 5 Vendor

£ 46 M

Value

23 Dec 2024|India|Aerospace

Target: AIR WORKS

Bidder: ADANI GROUP

1 Service Providers

1 Vendor

6 Dealmakers

6 Vendor

£ 37 M

Value

19 Aug 2025|India|FinTech

Target: WEAVER SERVICES PRIVATE LIMITED

Bidder: LIGHTSPEED VENTURE PARTNERS

5 Service Providers

1 Target | 4 Bidder

32 Dealmakers

2 Target | 30 Bidder

£ 125 M

Value

01 Jul 2025|India|Household Furnishings

Target: THE SLEEP COMPANY

Bidder: FIRESIDE VENTURES

8 Service Providers

3 Target | 5 Bidder

24 Dealmakers

3 Target | 21 Bidder

£ 40 M

Value

12 Aug 2025|India|Health Care Services

Target: INTELLIHEALTH SOLUTIONS PVT LTD (TRUEMEDS)

Bidder: INFOEDGE VENTURES

8 Service Providers

2 Target | 6 Bidder

23 Dealmakers

5 Target | 18 Bidder

£ 63 M

Value