Corporate M&A

AZB acts for Caledonia on 32% sale of Marwadi Shares & Finance

Sale by Caledonia and Amber of approximately 32% equity shares of Marwadi Shares and Finance Limited. AZB & Partners advised Caledonia Investments PLC and Amber 2010 Limited, a wholly owned subsidiary of Caledonia, led by a team of partners Darshika Kothari and Divya Mundra , and associate Pank...

AZB acts for Rediffusion on buy of Sudler Hennessey

Rediffusion Dentsu Young & Rubicam Private Limited (“RDYRPL”) acquired 50% of the share capital of Sudler & Hennessey Private Limited. AZB & Partners advised Rediffusion Dentsu Young & Rubicam Private Limited (“RDYRPL”) led by a team of partners Rajendra Barot and Arvind Ramesh ,...

AZB acts on sale of 40% of Rediffusion Dentsu

Acquisition by Ajit Balakrishnan and Diwan Arun Nanda of 40% of the equity share capital of Rediffusion Dentsu Young & Rubicam Private Limited (RDYRPL). AZB & Partners advised Rediffusion Dentsu Young & Rubicam Private Limited (RDYRPL) led by a team of partners Rajendra Barot and Arvi...

AZB acts for Bain Capital on Powerschool’s APMSE Software staff acquisition

The employees of Bain Capital’s APMSE Software Services Private Limited were acquired by Powerschool India Private Limited. AZB & Partners advised Bain Capital led by a team of partners Ashwath Rau , Anu Tiwari , and associates John Adwet Raghav , Shriyani Dutta . 2018-12-11 This deal has not b...

AZB acts for Trelleborg Sweden on JV with Mahansaria to make tyres

Mahansaria Family Wednesday announced signing a pact with Swedish engineering company Trelleborg to set up a tyre manufacturing facility for two-wheelers in the country. The joint venture will be 76 per cent owned by the Mahansaria Family and the rest 24 per cent by Trelleborg, a release said. — The...

AZB acts for Kedaara on Gurgaon’s Sunbeam Auto buy

Private equity firm Kedaara Capital has acquired a Gurugram-based auto component firm - one of Asia’s largest aluminium die casting and piston makers - in a deal that ranks among the top five PE … — VCCircle The target was Sunbeam Auto Private Limited. AZB & Partners advised Kedaara Capital Fun...

AZB acts on India leg of Johnson Controls sale to Brookfield

(Reuters) - Johnson Controls International Plc (JCI.N) said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion. — Reuters AZB & Partners advised Johnson Controls Inc. led ...

AZB, Allen Gledhill act on India leg of Mitsui stake ramp-up of IHH Healthcare Berhad

KUALA LUMPUR/SINGAPORE - Malaysian sovereign wealth fund Khazanah Nasional is selling a 16 percent stake in IHH Healthcare Bhd to Japan’s Mitsui & Co Ltd for about $2 billion in cash, kicking off a restructuring of its portfolio under a new government. — Reuters AZB & Partners advised Mits...

AZB acts for Honeywell on Indian part of Garrett Motion spin-off

“Honeywell International Inc.HON recently announced to have progressed with its portfolio transformation strategy, having declared spin-off dividends of shares of Resideo and completing the divestment of Garrett Motion Inc,” according to Nasdaq . AZB & Partners advised Honeywell International I...

AZB acts on India leg of NCR buy of Stoplift Inc

Acquisition by NCR of 100% of the stock of StopLift Inc. (parent company of StopLift India) from its stakeholders and the minority stake held in StopLift India, resulting in a complete acquisition of the StopLift group. AZB & Partners advised NCR Corporation led by a team of partners Ashwin Ram...

AZB acts for Elephant Capital on $1.7m sale of stake in Amar Chitra Katha

“Elephant Capital, a private equity business focused on the Indian market and India-related opportunities. Operating from London and Delhi, it has invested in the iconic magazine for children, Amar Chitra Katha,” according to VCCircle and has divested its stake in September 2018, according to Elepha...

AZB acts for Swanland (Warburg) on Capillary Tech investment

Capillary Technologies, which offers customer relationship management software and marketing analytics for retailers, has received an undisclosed amount of funding led by an affiliate of its existing backer Warburg Pincus. — Dealstreetasia AZB & Partners advised Swanland Investment Ltd, an affi...

JSA, DLA, Covington act on $60m HCL America buy of C3i Solutions

Software services firm HCL Technologies has acquired C3i Solutions for USD 60 million, a move aimed at accelerating the Indian IT firm’s growth in life sciences and consumer services. It provides multi-channel customer engagement services for life sciences and consumer packaged goods (CPG) industrie...

JSA, CAM act on $42m Naspers sale in Travel Boutique Online

South African media and technology conglomerate Naspers has sold its majority stake in B2B travel platform Travel Boutique Online (TBO), marking its second strong exit in India in the last three months. While the terms of the transaction were not disclosed, sources have told ET that Naspers, which h...

JSA acts on $8.5m S Chand & Co buy of Chetana Publications

Listed publishing company S Chand and Co. Ltd on Thursday announced plans to buy a controlling 51% stake in Chetana Publications Pvt. Ltd to expand its base in the school education space. S Chand said its board has approved an investment of ₹ 58.5 crore to acquire the 51% “partnership interest” in a...

JSA, NDA act on Cogni buy of SaaSforce

Cognizant is acquiring Noida-based SaaSfocus, a company that does consulting in Salesforce’s cloud computing solutions. The financial details of the deal were not disclosed. — The Times of India J Sagar Associates advised SaaSforce Consulting Private Limited led by a team of partner Upendra Nath Sha...

S&R acts on India leg of Dana Inc buy of Switzerland’s Oerlikon

Dana Incorporated proposed acquiring the drive systems segment of the Oerlikon Group, a global manufacturer, including manufacturing facilities in India, for approximately US$600 million, according to reports . S&R Associates advised Dana Incorporated led by a team of partners Rajat Sethi and R...

S&R acts for Spicer Gellenkwellenbau GmbH on Hindustan Hardy Spicer JV exit

Advised Spicer Gellenkwellenbau GmbH, a Dana Incorporated company, in the sale of 26.03% of the share capital of Hindustan Hardy Spicer Limited, a listed company, to its joint venture partner XLO India , according to a stock exchange filing . S&R Associates advised Spicer Gellenkwellenbau GmbH ...

Platinum, SAM, Clifford Chance act on $203m HK Nord Anglia buy of People Combine Group

Hong Kong-based school chain Nord Anglia Education Inc. has entered India by acquiring People Combine Education India Initiatives Ltd’s schools under the Oakridge International brand. — VCCircle Platinum Partners advised People Combine Group and its promoters led by a team of partner Ankit Majmudar ...

Platinum, CAM, Link Legal act on $40m Edelweiss buy of Essel Infra power transmission projects

Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus (EIYP) fund, will acquire two operating power transmission assets from Essel Infraprojects Ltd- namely Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited. Sekura is also set to acquire Warora-Kurnool Transmi...