Client success stories

Crest Healthcare, India

Sector: Life Sciences & Healthcare

Crest Healthcare is a private limited group company encompassing several subsidiaries including Crest Life Sciences, Crest Topicals and Crest Hygiene. Crest Group is a leading manufacturer and supplier of a range of pharmaceutical products such as calcium and vitamin D3 suspension, azithromycin oral suspension, Multivitamin syrup and homecare products for various pharma and FMCG Companies. Clients include Cipla, USV, Indoco, J.B. Chemicals and Curever.

The Crest Group was acquired jointly by private investors who appointed Kreston SGCO in India to advise on all aspects of the complex deal. This involved acquiring a 100% stake in the group for the two investors via a Share Purchase Deal.

The deal comprises transfer of overall control and management of Crest Group of Companies along with transfer of possession of all the assets and manufacturing facilities of the companies. Products are manufactured at the Group’s state-of-the-art unit at Baddi, Himachal Pradesh and Sarigaon, Valsad.

The team at Kreston SGCO carried out a wide range of specialist work including:

  • Acting as sole project manager to assist the above acquisition
  • Advising on the deal structuring, review and execution of entire transaction documentation including Term Sheet and Share Purchase Agreement from tax and commercial perspective
  • Structured solutions to all dynamic and rapid evolving transaction specific issues emanating from red flag diligence and facilitated negotiations between the parties
  • End-to-end ‘handholding’ and guidance on entire acquisition related matters to the successful closure of the transaction

 Client comments: “This was an important acquisition for us and Kreston SGCO’s expertise and advice ensured a successful outcome.”

The team’s main advisers were Vidhi Shah, Dhwani Shah, Jay Bhatt and Soyeb Shah.