Corporate M&A
Khaitan, Indus, Clove drive $25m Meru, Ola funding in Mswipe
Khaitan & Co advised investment company Meru Capital and IndusLaw advised taxi-calling app Ola on its $25m (Rs 160 crore) infusion in Mumbai-based mobile point-of-sale services provider Mswipe Technologies which was advised by Clove Legal. Khaitan Delhi partner Joyjyoti Misra, principal associa...
Khaitan, Shardul Amarchand track Slovakian company in Jupiter Indian railway buy with Deloitte
Slovakian railway wagon manufacturer Tatravagoka AS, advised by Khaitan & Co, has acquired 50 per cent stakes in Jupiter Wagons and Jupiter Alloys and Steel, advised by Shardul Amarchand Mangaldas, in a deal reporte dly worth Rs 100 crore ($15.6m). Jupiter, which is one of India’s biggest railw...
Advaita, Sterling kickstart Indo-Italian auto feeding JV
Advaita Legal advised Italy based auto feeding systems maker Penta SRL on its joint venture (JV) with the Kolsite Group’s Kabra Extrusiontechnik which was advised by Sterling Law Partners. Advaita founding partner Sujit Ghosh, principal Satyajit Gupta and associate Saurabh Sharma acted for Penta. St...
DSK, Kanga on Indium V buy of deGustibus after deGustibus PE with IVFA
DSK Legal advised Indium V (Mauritius) Holdings on buying approximately 75 per cent stake in hospitality chain deGustibus Hospitality which was advised by Kanga & Co. DSK Legal also advised India Value Fund Advisors (IVFA), which is raising $700m for Indium V, in its $30m infusion into deGustib...
Shroff vs Shroff Mumbai: Chudasama faces Cyril Amarchand, brings home record $280m Warburg-Piramal deal
Shardul Amarchand Mangaldas (SAM) Mumbai office managing partner Akshay Chudasama is acting for Warburg Pincus, which is buying a Rs 1,800 crore minority stake in Piramal Realty, which was advised by Cyril Amarchand Mangaldas’ Mumbai office.
Courtesy of Amarchand split, Khaitan leads M&A rankings for first time in three years
Khaitan & Co overtook Amarchand Mangaldas in data provider mergermarket’s half-yearly (H1) M&A charts by value, with the first quarter of Amarchand functioning as the split firms of Cyril Amarchand Mangaldas (CAM) and Shardul Amarchand Mangaldas (SAM). AZB & Partners maintained its deal volume lead which it has claimed for two consecutive years.
DSK, Khaitan on Bosch-Klenzaids packaging JV
DSK Legal advised Klenzaids Contamination Controls in selling 49 per cent stake to Robert Bosch Investment Nederland which was advised by Khaitan & Co. DSK Mumbai co-founding partner Anand Desai, managing associate Pragya Dhamija and associate Prachi Garg acted for Klenzaids, which has a turnov...
Rajani Singhania, Tatva sew up surgical company buy by French co
Rajani Singhania & Partners advised surgical sutures maker Stericat Gut Strings on the acquisition of a majority stake in it by French firm Groupe Peters Surgical which was advised by Tatva Legal. Rajani managing partner Prem Rajani, partner Poorvi Sanjanwala and associates Nishtha Mehta and Ka...
JSA, Platinum in Rs 125 cr Suprajit listed takeover of auto-lamp maker Phoenix
J Sagar Associates (JSA) acted for Suprajit Engineering Limited, which bought 51 per cent of equity shares of Phoenix Lamps Limited from the Actis Group, which was advised by Platinum Partners and E&Y, followed by an open offer. JSA Bangalore partners Murali Ananthasivan and Mary Julie John, an...
Snapdeal GC handles buy of mobile developer, advised by Seth Dua
E-commerce giant Snapdeal recently announced the acquisition of mobility solution company LetsGoMo Labs for an undisclosed sum, advised by Seth Dua & Associates. Seth Dua TMT partner Salman Waris with corporate associate partner Ray Sharat Prasad and associate Arjun Uppal acted for LetsGoMo. Sn...
Biggest Indian renewable deal with Cyril Amarchand, BMR Samvad on SunEdison Continuum wind power buy (TOI carries deal report) [UPDATE-1]
Cyril Amarchand Mangaldas acted as Indian legal counsel to SunEdison Inc, which bought an Indian wind platform of Continuum Wind Energy, advised by BMR Legal, through acquisition of its Singapore holding company. Cyril Amarchand Mangaldas Mumbai-based partners Santosh Janakiram and Smruti Shah led f...
Khaitan, Ashurst help Vedanta-Cairn mammoth merger-restructure
Vedanta Resources subsidiaries Vedanta India and Cairn merged , assisted by Khaitan & Co as sole domestic legal adviser, according to its press release, and Ashurst’s India practice. The following Khaitan team advised: Haigreve Khaitan, Partner; Sharad Abhyankar, Partner; Mehul Shah, Associate ...
Kochhar, new Platinum BLR hire Ankit Majmudar act on $100m pharma sale Quantum
Kochhar & Co advised global clinical research conglomerate the Parexel Group and its Indian group company Parexel India on buying for $100m pharma-covigilance company Quantum Solutions India, which was advised by Platinum Partners. Kochhar senior Delhi-based partner Vijay Ravi, partner Chandras...
Shardul Amarchand, Luthra help PVR buy 8 DT cinemas from DLF for Rs 500 cr
Shardul Amarchand Mangaldas advised the PVR cinema chain on buying for Rs 500 crore DT Cinemas from DLF Utilities, which was advised by Luthra & Luthra. According to its press release, Shardul Amarchand partners Akila Agrawal and Sourav Kanti De Biswas acted for PVR, with senior associate Megha...
JSA, Dua, Covington help global booze giant Anheuser-Busch InBev exit India JV for $100m+
J Sagar Associates (JSA) and Covington Burling advised the world’s largest brewer Anheuser-Busch InBev on its exit from a joint venture with RJ Corp, which was advised by Dua Associates. JSA partner Upendra Nath Sharma, senior Associate Rishabh Gupta and associate Ritunjay Gupta with intermitten str...
S&R, AZB act on Vodafone's $200m stake sale in Bharti Infotel to Bharti
S&R Associates acted the Vodafone Group in its sale of $200m Bharti Infotel, representing around 4.2% interest in Bharti Airtel, to Bharti Enterprises, which was represented by AZB & Partners. S&R partner Rajat Sethi and associates Tanya Aggarwal and Lakshmi Pradeep acted for Vodafone...
Shardul Amarchand, Khaitan act on $257m haircare FMCG sale
Shardul Amarchand Mangaldas (SAM) advised Himachal Pradesh-based SBS Biotech on selling for Rs 1,651 crore its hair and scalp care businesses Kesh King and Kesh Pari to FMCG player Emami, which was advised by Khaitan & Co. SAM partners Jatin Aneja, Anubhuti Agarwal and Dev Robinson, principal a...
AZB, Khaitan BLR in $25m buy of Pune's Clarice by Globant IT major
AZB & Partners advised global Argentina-founded IT and software development company Globant on buying, for up to around $25m, Pune-based product engineering firm Clarice Technologies which was advised by Khaitan & Co. AZB Bangalore partner Anind Thomas and senior associate Percis Anklesari...
CAM faces SAM for first time post-break-up on Aditya Birla acquisition of Jubilant Agri hypermarkets business
Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Retail on its acquisition of Jubilant Agri and Consumer Products’ retail hypermarket business Total Super Store, which was advised by Shardul Amarchand Mangaldas (SAM). CAM managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai p...
Trilegal, AZB act on Canadian $1.5m Delhi medical research company buy
Trilegal and Canadian law firm Osler, Hoskin & Harcourt advised the largest Canadian contract research organisation (CRO) JSS Medical Research on its Rs 9.5 crore ($1.5m) buy of CRO Max Neeman Medical International which was advised by AZB & Partners. Trilegal partner Charandeep Kaur, coun...