Corporate M&A

Veritas, Khaitan on $100m Recipharm infusion in Nitin Lifesciences

Veritas Legal advised Recipharm AB, a Swedish pharmaceutical company on investing $103m (Rs 671.2 crore) in Nitin Lifesciences, an Indian pharma company which was advised by Khaitan & Co. Veritas partner Partner Nandish Vyas and Associates Natasha Sethna and Tejasvi Saxena acted for Recipharm. ...

Themis, Luthra, Tamara Thompson, DST on $34m Craftsvilla round

Themis Partners advised Sequioa on its $34m (Rs 220.39 crore) co-infusion in ethnic handicrafts website Craftsvilla. The other investors in this round were Lightspeed Venture Partners advised by Luthra & Luthra, Global Founders Capital advised by Tamara Thompson , Nexus and Apolleto which was a...

DH Law acts on Indo-Kiwi radio frequency joint venture

DH Law Associates acted for India-listed company Shilpi Cable Technologies, which entered into a joint venture with New Zealand-headquartered radio frequency (RF) technology provider Eyecom Telecommunications Equipments, which was advised by its in-house team. DH Law Delhi-based partner Raunak and s...

Khaitan, NDA, Skadden Arps, Goodwin Proctor sell Synowledge to Bioclinica

Khaitan & Co and _Skadden, Arps, Slate, Meagher & Flom_ acted for clinical trial service provider Bioclinica in its aqcuisition of global pharmacovigilance, regulatory affairs and IT services provider Synowledge. Synowledge was advised by Goodwin Procter and Nishith Desai Associates (NDA)....

JSA, Khaitan, Ashurst sell $34m BLP Energy to Italian Enel Green

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy. JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP...

German law firms Hengeler, Hasche sell german pharma company assetsto Indian pharma co Lupin

Hengeler Mueller advised Indian pharma company Lupin on buying the assets of German pharma company Temmler Pharma which was advised by German firm CMS Hasche Sigle. Hengeler partner Daniela Favoccia, counsel Patrick H Wilkening, partners Dirk Uwer and Christian Hoefs, counsel Andrea Schlaffge and as...

Trilegal, Shardul Amarchand bag $575m Alibaba-paytm investment with Simpsons

Shardul Amarchand Mangaldas has acted for the owners and existing investors of Paytm, including One97 Communications, which saw a $575m investment from Chinese e-commerce and internet behemoth Alibaba and its affiliate Ant Financial, which drafted in Trilegal in Mumbai.

JSA, Avigna on $9m Fidelity infusion in Shadowfax

J Sagar Associates (JSA) advised Fidelity Growth Partners on investing $9m (Rs 60 crore) in Shadowfax Technologies which was advised by Avigna Law. JSA Delhi partner Manvinder Singh, senior associate Zain Pandit and associates Sonali Kapoor, Ritika Arora and Akhil Bhardwaj acted for Fidelity. Bangal...

AZB, NDA on doctor-finder start-up Practo’s buy of Qikwell

AZB & Partners advised India’s largest doctor discovery platform Practo Technologies on its over $10m buy of smaller rival Qikwell Technologies India which was advised by Nishith Desai Associates (NDA). AZB Mumbai partners Ashwin Ramanathan and Nilanjhana Singh and senior associate Parthasarath...

JSA, Cyril Amarchand act on Rs 180 cr Sterlite Tech-Elitecore takeover

J Sagar Associates (JSA) acted for First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group, and the promoters and management shareholders of telecoms software company Elitecore Technologies Limited, in their sale of 100 per cent of Elitecore for Rs 180 crores to optical fib...

Khaitan, CAM on $115m Leela Goa sale

Khaitan & Co advised copper products maker Metrod Malaysia and Mettube Malaysia on its Rs 725 crore ($115m) buy of Goa’s iconic hotel The Leela Goa, which was advised by Cyril Amarchand Mangaldas (CAM). Khaitan Mumbai partners Savita Singh, Avaantika Kakkar and Shishir Mehta, associate partners...

SAM, Luthra on Pizza Hut south India sale

Shardul Amarchand Mangaldas (SAM) advised the Dodsal group on the sale of its Pizza Hut franchise rights to another Pizza Hut franchise owner in India Sapphire Foods India which was advised by Luthra & Luthra. SAM managing partner Pallavi Shroff assisted by senior counsel Soli Cooper, partner S...

JSA, Trilegal on Astec LifeSciences stake sale to Godrej Agrovet

J Sagar Associates (JSA) advised the promoters of Astec LifeSciences on selling 45 per cent of their stake in it to Godrej Agrovet which was advised by Trilegal. JSA Mumbai partner Vikram Raghani, senior associates Anand Lakra and Birbahadur Sachar and consultant Avinash Jethwani acted for Astec. Tr...

Vaishali Sharma, Shardul Amarchand Chuadasama bag Brookfield's massive buy of 9 Gammon projects

Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for around Rs 563 crore.

SAM, LegaLogic transmit $25m Involute equity to Belgian gearmaker IGW

Shardul Amarchand Mangaldas advised the BMT group on its Rs 170 crore buy of 60 per cent stake in Involute Technologies which was advised by LegaLogic Consulting. SAM partners Mithun V Thanks and Ashoo Gupta, principal associate Anuj Bhasme, principal associate designate Ankit Guha and senior associ...

AZB-TTA-Dhall, CAM, NDA act on competitive $765m Birla buy of Lafarge units under regulator gun

Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim.

Cyril AM, Phoenix, JSA, PDS ex-D&D team help Pramerica buy Rs 400 cr of Deutsche’s managed assets [UPDATE-1]

Pramerica Mutual Fund has agreed to buy out Deutsche Mutual Fund’s India asset management business for around Rs 400 crore, reported Business Standard and others today, which would catapult Pramerica for 31st to 14th place in terms of Indian asset managers’ portfolio size, reported Mint in June. Pra...

JSA, AZB on $153m Viacom buy in Network 18-owned Prism TV [UPDATE-1]

J Sagar Associates (JSA) advised US-based media firm Viacom on its Rs 940 crore ($153m) buyout of Reliance subsidiary Shinano Retail’s stake in Network 18’s Prism TV. Shinano was advised by AZB & Partners. JSA partner Akshay Nagpal, senior associate Kaustubh George and associates Upasana Gupta ...

Cyril Amarchand and AZB chew on Sharekhan's $312m buy-out by BNP

Cyril Amarchand Mangaldas acted as legal counsel to BNP Paribas in its Rs 2,000 to 2,200 crore acquisition of Sharekhan, with AZB & Partners acting for the sellers. J Sagar Associates (JSA) Mumbai partners Somasekhar Sundaresan, Vikram Raghani and Jamshed Bhumgara acted for the management share...

ILP, AZB watch 100 per cent Richemont FDI in Cartier India as Indian JV partner exits

Indian Law Partners (ILP) advised Navratna Bharat Retail (NBR) on its joint venture (JV) partner Richemont’s buyout of NBR’s 49 per cent equity in their JV RLG Retail. Richemont was advised by AZB & Partners. ILP Mumbai counsel Kanika Premnarayen, senior associate Vineet Gupta and associate Seh...