A listed Indian Pathology and Diagnostic Service provider (Client/Acquirer) had acquired a majority stake in a local pathology and diagnostic chain to strengthen the Client’s presence in Central India. The pathology and diagnostic chain’s business, comprising of 7 labs, 100+ collection centers, and 300+ Pick-up-Points, functioned under two legal entities -a proprietorship concern (the Proprietorship) and a partnership firm (the Firm) (collectively Targets), both owned and operated by a renowned doctor.