Corporate M&A

CAM acts on ZipGo buy of Pune bus operator Supreme Trans Concepts

ZipGo Technologies Private Limited (ZipGo) bought 100% of the issued and paid-up share capital of Pune-based bus operator Supreme Trans Concepts Private Limited (STCPL) from Supreme Facility Management Private Limited (SFMPL) and promoter Prashant Mohite, according to reports . Cyril Amarchand Manga...

CAM advises True North Fund on majority stake buy of Shree Digvijay Cement

Mumbai-headquartered private equity player True North Fund VI LLP (TN) acquired a majority of cement company Shree Digvijay Cement Company Limited from Brazilian cement firm Votorantim Cimentos S.A. and its affiliates, according to -118111300695_1.html reports . Cyril Amarchand Mangaldas advised Tru...

CAM, DSK act on Solara Active Pharma sale

DSK on $6.6m Solara Active Pharma Sciences facility sale to Sequent Scientific Limited.

CAM acts on $11.2m Zydus Hospitals buy of Ahmedabad Columbia Asia Hospitals

Zydus Hospitals & Healthcare Research Private Limited acquired all assets (including immovable property) of the Ahmedabad-based hospital of Columbia Asia Hospitals Private Limited. The deal size was approximately Rs 78.89 crores, according to the Times of India . Cyril Amarchand Mangaldas advis...

Alpha acts on $1.1m ITDC transfer of Hotel Lalitha Mahal Palace Mysore to state of Karnataka

ITDC and the Ministry of Tourism, Government of India, transferred the Hotel Lalitha Mahal Palace, Mysore to the state of Karnataka, in May 2018, according to reports . Alpha Partners advised ITDC through the Ministry of Tourism, Government of India led by a team of partners Akshat Pande and Kunal A...

Alpha acts on acquisition of Digitalabs by Laqshya Media Group

Seven-year-old Digitalabs with 40 staff has been acquired by Noida-based digital marketing agency Laqshya Media Group, according to reports . Alpha Partners advised Idream Digitalabs Private Limited led by a team of associate partner Kunal Arora and associate Richa Hingle . Lakshya Media Group was a...

$3.8bn blockbuster deal: CAM, AZB help HUL buy GSK India’s Horlicks biz

“FMCG major Hindustan Unilever Limited (HUL) on Monday said it will buy GlaxoSmithKline’s Indian Horlicks nutrition business for around $3.8 billion, boosting the consumer goods group’s position in a key emerging market,” reported Firstpost today. The deal covers GlaxoSmithKline Consumer Healthcare,...

Indus on Engie renewable energy buy in Simpa

Energy services group ENGIE has acquired a controlling stake in Simpa Energy India to fund geographic expansion and accelerate growth, hoping to further decentralise renewable energy solutions across the world and to help India transition to clean power, reported the PTI.

Khaitan, Alpha on FarEye buy in Dipper Tech

“RoboticWares Pvt. Ltd, which runs logistics platform FarEye, has acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction, a senior company executive said. Founded by Kushal Nahata, Gautam Kumar and Gaurav Srivastava, FarEye helps logistics firms manage their suppl...

JSA, Khaitan, SAM act on Mercer’s buy of Gurgaon assessment tech provider Mettl

“Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies Inc., has acquired online assessment platform Mettl for an undisclosed amount, the Gurugram-based company said in a statement on Monday,” reported Mint . J Sagar Associates (JSA) advised Mercer Consulting India , with a ...

Khaitan, CAM help Zydus’ buy Heinz India for $626m

“Zydus Wellness, a part of the Ahmedabad-headquartered Zydus group, today announced plans to acquire Heinz India, known for its brands like Complan, Glucon D, Nycil and Sampriti Ghee,” according to reports , for a value of Rs 4,595 crores. The deal is expected to close before the end of this financi...

Khaitan, Platinum act in Advent $326.2m buy of India’s largest PET plastics maker Manjushree Technopack

International private equity firm Advent International bought a controlling stake in Manjushree Technopack, India’s largest PET manufacturer, from its existing shareholders including Kedaara Capital and promoters for around Rs 2,400 crores, according to reports . Khaitan & Co advised Advent Int...

AZB, Khaitan double-team Reliance as Link Legal + SAM assist Den Networks on yet another $311m Jio payday [UPDATE-2]

Reliance Industries is buying 66% of Den Networks via a primary investment via preferential issue of Rs 2,045 crore and a secondary purchase of Rs 245 crore from the company’s promoters, according to reports . Link Legal India Law Services acted for Den Networks and its promoters, led by partner Anu...

Jio goes shopping for $399m: CAM helps Reliance Industries, Trilegal for Hathway

M ukesh Ambani’s Reliance Industries, for its telecoms upstart giant Jio, has agreed to buy a majority 51.3% stake in Hathway Cable & Datacom for Rs 2,940 crore through a preferential issue and an open offer to minority shareholders in Hathway subsidiary GTPL Hathway, according to reports . Cyr...

JSA, Platinum act on France’s Teleperformance $1bn buy of India’s Intelenet from Blackstone

French outsourcing firm Teleperformance has bought business process solutions company Intelenet for $1bn from Blackstone, in a transaction that had been announced in June, according to reports . Platinum Partners acted as Indian counsel for Mumbai-headquartered Intelenet , which had been founded in ...

Superion buys US company Aptean with Indian subsidiaries, AZB for Bain

Bain Capital and Vista Equity Partners-backed Superion, has taken over US-based Aptean and its Indian subsidiaries, a company working in public sector and health-care space, according to Bloomberg . AZB & Partners advised Bain Capital led by partners Ashwath Rau and Anu Tiwari , senior associat...

AZB advises New Zealand’s Fonterra on JV with Future Group

“Fonterra, the world’s biggest dairy exporter has entered into an equal joint venture with Future Group to launch dairy products in India,” reported the ET . AZB & Partners advised Fonterra Co-operative Group Limited led by partner Ashwath Rau , partner Aditya Singh Chandel on tax, and senior a...

Fairfax increases equity to 43% in Sanman Chemicals for $388m, with AZB

“Fairfax India Holdings Corporation, a part of Canadian billionaire Prem Watsa’s Fairfax Holdings, is gearing up to increase its equity interest in the city-based Sanmar Chemicals Group to 43% from the existing 30%,” reported The Hindu . AZB & Partners advised Fairfax India led by partner Roxan...

$34m sale by Michael & Susan Dell of Svatantra with AZB, Veritas, Khaitan

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.

GLP buys stake in IndoSpace managed investment vehicles with AZB

“Private equity firm Everstone Group-backed industrial real estate company IndoSpace and modern logistics and technology-led solutions provider GLP have entered into a long-term strategic partnership. As part of the joint venture (JV), GLP will co-invest in IndoSpace’s managed investment vehicles,” ...