Corporate M&A

HSA replaces AZB, (Cyril) Amarchand assists on messy $1bn Lanco-Adani Udupi Power buy

HSA Advocates replaced AZB & Partners in advising infrastructure company Lanco Infratech on India’s largest acquisition in the thermal power space in 2014 - the Rs 6,300 crores ($1bn) sale of Udupi Power Corporation to the Adani group which was advised by Amarchand Mangaldas. HSA partners Navin...

(Cyril) Amarchand acts on Rs 5,000 cr Aditya Birla, Pantaloons restructuring

Amarchand Mangaldas’ Mumbai region has advised the Aditya Birla Group on merging Aditya Birla Nuvo’s premium apparel business, Madura Garments Lifestyle Retail, with Pantaloons Fashion and Retail India. Mumbai-based managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai-based partn...

JSA, Rajani Singhania steer FIPB-free Japanese pharma buy after DIPP note

J Sagar Associates (JSA) advised the shareholders of Lilac Medicare on selling it off to Japan’s Tosoh Corporation and Singapore’s Tosoh Asia which were advised by Rajani Singhania & Partners. JSA partner Sidharrth Shankar, senior associate Shantanu Jindel and associates Prakriti Jaiswal and Pr...

Khaitan bags $4bn mandate for iGate in CapGem takeover [UPDATE: Luthra acting for Capgemini ]

Khaitan & Co is acting for Nasdaq-listed iGate Corp, which is being acquired by French IT consultancy Cap Gemini for $4bn. Khaitan Mumbai partner Rabindra Jhunjhunwala confirmed that Khaitan had been instructed by iGate but declined to comment further. UPDATE: Luthra senior partner Mohit Saraf ...

Amarchand Mumbai, AZB B'lore help Infosys buy US company for $120m

Amarchand Mangaldas, Morgan Lewis & Bockius and its Singaporean merger partner Morgan Lewis Stamford advised India’s second largest software firm Infosys, on its $120m buy of US-based digital and mobile commerce solutions provider Kallidus. Kallidus was advised by AZB & Partners and Fenwic...

Q1 2015 M&A league table sees massive uptick in work as pre-split Amarchand grabs top spot with AZB

M&A League Tables
M&A League Tables
In what will possibly have been its last quarter of existing as a single firm, Amarchand Mangaldas again acted on the most valuable M&A deals though AZB & Partners emerged as the firm with the largest number of recorded transactions.

Khaitan Bgl, Olswang scoop giant $450m Snapdeal e-com buy of Freecharge with AZB Delhi

Khaitan & Company advised Snapdeal on India’s biggest acquisition in the e-commerce space yet – the $450m (Rs 2,800 crore) buy of mobile commerce platform Freecharge which was advised by AZB & Partners, reported Bar & Bench . Khaitan Bangalore Partner Abhilekh Verma acted for Snapdeal...

Abhijit Joshi firm Veritas Legal, JSA act for Evonik on buy of Monarch Catalyst

The firm of former AZB & Partners CEO Abhijit Joshi, Veritas Legal, has advised German specialty chemicals company Evonik on its acquisition of Mumbai-based catalyst supplier Monarch Catalyst, which was advised by J Sagar Associates (JSA) partner Sandeep Mehta. The value of the purchase of the ...

Amarchand Mumbai, PH Bathiya on Rs 1,800 cr Suzlon investment by Sun Pharma tycoon Dilip Shanghvi

Amarchand Mangaldas advised Suzlon Energy on the Rs 1,800 crore acquisition of 23 per cent stake in it by Sun Pharmaceuticals promoter Dilip Shanghvi and family who were advised by PH Bathiya & Associates. Amarchand Mumbai managing partner Cyril Shroff and partner Yash Asher acted for Suzlon. S...

JSA bags mandate for Anil Ambani defence sortie with Reliance $130m Pipavav purchase opposite K Law, Crawford Bayley

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J Sagar Associates (JSA) advised Reliance Infra on its Rs 819 crore ($130m) acquisition of 18 per cent stake in Pipavav Defence and Offshore Engineering which was advised by K Law and Crawford Bayley.

Induslaw Series B client Olacabs matures into $200m M&A of TaxiForSure, opposite Amarchand, BMR

Induslaw represented Olacabs, which must fast be turning into one of its most high-profile and valuable clients, in a $200m takeover of TaxiForSure.

2014 M&A league tables: Combined Amarchand had double deal values of closest rival in 2014 league table, AZB topped by volume

M&A
M&A
Amarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.

Trilegal, Amarchand, Simpsons on China’s Alibaba investment in Paytm payment gateway

Trilegal and Simpson Thacher Bartlett advised Chinese online financial services company Ant Financial Services Group, an affiliate of Chinese e-commerce giant Alibaba, on its acquisition of a 25 per cent stake in One97 Communications, which runs Indian payment gateway Paytm. One97 was advised by Ama...

Over half-dozen law firms bag mandates in Mylan Inc buying Famy contraceptives for $800m

Crawford Bayley, AZB & Partners and Covington Burling advised Mumbai-based Famy Care on the $800m (Rs 4,944 crore) acquisition of its female contraceptives business by the world’s second largest drug maker Mylan. Mylan was advised by Luthra & Luthra and Cravath Swaine & Moore. Platinu...

Bharuchas bag first Indian M&A mandate for Twitter Inc in $30m buy of ZipDial with AZB Bangalore

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Tweet
Bharucha & Partners advised social media giant Twitter on its first acquisition in India, in its $30m buy of missed-call marketing platform ZipDial Mobile Solutions, which was advised by AZB & Partners.

AZB, Links for Temasek’s Rs 280 cr buy of Silicon Valley Bank with Amarchand & others

Amarchand Mangaldas, Wilson Sonsini Goodrich & Rosati, Osborne Clark and Anand Gujadhur advised Silicon Valley Bank on its Rs 280 crore acquisition by Temasek Holdings, which was advised by AZB & Partners and Linklaters. Amarchand Mumbai corporate partners Ashwath Rau and Shishir Vayttaden...

Amarchand, HSB, K&L Gates on US Par Pharma acquisition of Chennai ‘bioavailability, bioequivalence, pharmacokinetic’ labs

Amarchand Mangaldas and K&L Gates advised US-based Par Pharmaceuticals and its wholly-owned Indian subsidiary Par Formulations on its acquisition of Chennai-based Ethics Biolabs, which was advised by HSB Partners. Amarchand Delhi partners Amit Kumar and Arvind Sharma, principal associate design...

JSA, ELP, DSK on $9m FIL, Somerset PE in Cygnus

J Sagar Associates (JSA) advised FIL Capital Investments (Mauritius) II on its Rs 51 crore purchase of equity and Economic Laws Practice (ELP) advised Somerset Indus Healthcare Fund I on its Rs 6 crore investment in Cygnus Medicare which was advised by DSK Legal. JSA Delhi partner Manvinder Singh, s...

JSA, Amarchand, Wadia on $221m Nirlon share sale to GIC

J Sagar Associates advised Geraldton Finance, Real India Invest Aktiengesellschaft and the promoters of IT park owner Nirlon on selling 39.2 per cent equity in Nirlon to Singapore’s sovereign fund GIC. Amarchand Mangaldas and Wadia Ghandy advised GIC. JSA Mumbai partners Somasekhar Sundaresan, Vikra...

Amarchand Mangaldas, Vaish on $852m UltraTech buy of JP cement plants

Amarchand Mangaldas advised UltraTech cement on its Rs 5400 crore acquisition of Jaiprakash Associates’ cement plants. JP was advised by Vaish Associates. Amarchand Mumbai managing partner Cyril Shroff, corporate partner Tushar Mavani and competition partner Nisha Kaur Uberoi acted for UltraTech. Va...