Corporate M&A
Trilegal, Mori Hamada act for Shinryo Corp’s buy of Suvidha Engineers
Japanese heating, ventilation, and air conditioning (HVAC) major Shinryo Corporation Wednesday announced the acquisition of Suvidha Engineers India Pvt Ltd for an undisclosed sum. The deal has been concluded and signed recently. — The Economic Times Trilegal advised Shinryo Corporation led by a team...
Trilegal acts on US’ Crowdanalytix fundraise from Macnica
Crowdanalytix raised raised $40 million in a strategic investment from Macnica, a subsidiary of Tokyo electronics firm Macnica Fuji Electronics Holdings, according to reports . Trilegal advised Macnica Inc led by a team of partner Charandeep Kaur ; counsel Clarence Anthony ; senior associate Harshit...
D&D, JSA act on $61m Timken takeover of ABC Bearings
Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the previously announced acquisition of ABC Bearings Ltd, a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India...
L&L acts for Amansa Cap in $31m investment in AZB’s Jana Small Finance Bank
Amansa Capital has acquired a minority stake in Jana Small Finance Bank (formerly known as Janalakshmi Financial Services), a small finance bank registered with the Reserve Bank of India. Jana Small Finance Bank is one of India’s largest microfinance and small finance bank. L&L Partners advised...
L&L acts for Steadview on $24m early-2018 investment in Lenskart
TR Capital and Hong Kong-based hedge fund Steadview Capital have undertaken a large secondary deal in Lenskart Solutions, marking the second such transaction in the company in the last five months. Apart from Steadview Capital, the transaction, estimated at $70-75 million, has also seen the entry of...
L&L acts for Adani Transmission on $32.9m buy of KEC Rajasthan power transmission biz
Power firm Adani Transmission (India) Ltd has signed an agreement to buy entire stake in KEC International Ltd’s Rajasthan-based power transmission arm at an enterprise value of ₹ 227.5 crore. “We would like to inform that the company has signed share purchase agreement with KEC International Ltd on...
L&L acts for FirstMeridian on buy of Innovsource
FirstMeridian acquired Innovsource Services Private Limited, Innovsource Facilities Private Limited and Innovsource Securities Private Limited from Innovsource Private Limited and other promoters, according to reports . L&L Partners advised FirstMeridian Business Services Private Limited (backe...
L&L, S&R acts for FirstMeridian on buy of V5 Global Services
FirstMeridian acquired V5 Global Services Private Limited, and its wholly owned subsidiary Infield Infotech Private Limited, from its existing shareholders including Specvision Holding Pte. Ltd. Singapore and Satya Prasan Rajguru, according to reports . L&L Partners advised FirstMeridian Busine...
L&L acts for FirstMeridian on buy of Affluent Global Services
FirstMeridian has acquired Affluent Global Services Private Limited and its wholly owned subsidiary Linktag Global Services Private Limited from its existing shareholders, including Start 2 Scale Venture LLP, Seedthree Trading LLP and Sudhakar Balakrishnan, according to reports . L&L Partners a...
MD&T acts on Security & Intel buy of Bangalore Uniq Detective & Security Services
Security services provider Security and Intelligence Services (SIS) on Monday announced the acquisition of majority stake of Bengaluru-based Uniq Detective and Security Services. — Business Standard MD&T Partners advised Security And Intelligence Services India Ltd led by a team of partner PV S...
Lex Consult acts for Niyogin Fintech on $1.7m buy of Moneyfront
Niyogin Fintech, which provides platform for collateral free credit to MSME’s, Saturday said it has acquired 50.1 per cent stake in Moneyfront for Rs 12 crore. — Moneycontrol Lex Consult advised Niyogin Fintech Limited led by a team of partners Majid Siddiqi and Naresh Pareek . 2018-09-08 Deal value...
MD&T acts on Security & Intelligence’s $43m Singapore foray to buy Henderson Security
Through its subsidiary SIS Group International Holdings, Security & Intelligence Services India announced that its subsidiary, SIS Group International Holdings, on 25 January 2019 has signed definitive agreements to acquire initially 60% shareholding in Henderson Security Services and Henderson...
L&L acts on Indian part of Enterprise car rentals buy of Deem Inc
Enterprise Holdings acquired Deem Inc. globally and upon the final acquisition the transaction is expected to provide Deem with an infusion of capital and resources to help further expand its product roadmap and increase the pace of product development and enhancements. Deem Inc is present in India ...
L&L re India subsidiary for Emerson Electric on Canada buy of iSolutions
Emerson Electric acquired iSolutions Inc. (a Canadian-based consulting group) and its global operations. The transaction also involved the acquisition of iSolution’s Indian subisidiary, according to reports . L&L Partners advised Emerson Electric led by a team of partners William Vivian John , ...
L&L acts on India bit for Verscend Tech buy of Cotiviti
Cotiviti Holdings, Inc. COTV (“Cotiviti”), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry, and Verscend Technologies, Inc. (“Verscend”), a portfolio company of Veritas Capital (“Veritas”) and a leader in data-driven healthcare solut...
L&L for US’ Emerson on India leg of Textron buy
Emerson… signed an agreement to purchase the Tools and Test Equipment (Tools & Test) business of Textron for $810 million. Tools & Test is a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly re...
L&L acts on JSW Sports buy of Delhi Daredevils IPL franchise
After venturing into football, wrestling and kabaddi, JSW Sports, a unit of Sajjan Jindal-owned JSW Group, on Friday said it will acquire a 50% stake in GMR Group-owned Indian Premiere League (IPL) franchise Delhi Daredevils for an undisclosed sum. — Mint L&L Partners advised JSW Sports Private...
Luthra acts for top Linux services company Red Hat in India, in global open source mega sale to IBM
IBM is making a big move to bring more software developers under its wing by acquiring Red Hat, the largest distributor of the popular open-source operating system Linux, for $34 billion. — New York Times The deal included Red Hat’s India subsidiary, Red Hat India Private Ltd. L&L Partners advi...
Big 4 consultant gobbles up LPO giant Pangea3: Luthra, CAM act for EY on buy from Thomson Reuters
In a major move by consultancies in the global legal markets, Big 4 consultant EY has gobbled up legal process outsourcer (LPO) Pangea3 from Thomson Reuters, which had bought the then-India-headquartered LPO in 2010 for up to $40m from its founders.
Khaitan acts for California’s TIBCO Software on buy of India analytics platform SnappyData
Tibco Software Inc., a Palo Alto, CA-based provider of integration, API management, and analytics solutions, acquired SnappyData, an Indian high performance, in-memory data platform provider. — Finsmes Khaitan & Co advised TIBCO Software HK Ltd led by a team of counsel Stuti Galiya with assista...