Corporate M&A

Desai & Diwanji, Khaitan sell $23m Nomarks to Bajaj

Desai & Diwanji advised Delhi-based Ozone Ayurvedics and its parent Ozone UK in selling off India’s second largest skin-care brand “Nomarks” to Bajaj Corp, which was advised by Khaitan & Co, for Rs 150 crore ($22.7m) according to the Economic Times . Desai & Diwanji Mumbai partner Vih...

DSK, Amarchand, BMR, Indus merge Datamatics PreMedia

DSK Legal advised software firm Datamatics Global Services in partnering with multimedia solutions company PreMedia Global in data publishing and e-retail. Amarchand Mangaldas advised PreMedia’s parent Lexicon Publishing Services, and BMR Legal and IndusLaw advised its existing investors, which were...

Desai & Diwanji on Rs 52 crore Intec public takeover

Desai & Diwanji advised ICICI Securities and a number of acquirers in the open offer of Delhi-based non-banking financial institution Intec Capital. India Business Excellence Fund, which is taking a preferential allotment of Intec shares, was represented by Amarchand Mangaldas on the initial st...

BMR, S&R, Kirkland sell Four Soft to Kewill for $43.4m

S&R Associates and Kirkland & Ellis advised the UK-based Kewill group and its backers Francisco Partners, in buying Hyderabad-based software solutions provider Four Soft for Rs 265 crore ($43.4m). Four Soft was advised by BMR Legal.

Luthra, Slaughter, AZB, Links sell RBS India arms to Ratnakar bank for $74m

RBS
RBS
AZB, Luthra, Links & Slaughters sell off Indian RBS assets to Ratnakar bank.

RDA checks out Savannah Hotels from Sinclairs and others, for Desai Brothers

RDA Legal advised pickles and jams manufacturer Desai Brothers in buying out Savannah Hotels from Sinclairs Hotels, which operates the Savannah-Sinclairs Hotel in Bangalore, and from Savannah’s other shareholders. RDA managing partner Rohit Das and associates Ushasi Das and Robin Quadros advised on ...

AZB Mumbai + Delhi, Amarchand on DLF’s Pramerica insurance sale to DHFL

Amarchand Mangaldas advised US-based Prudential International Insurance Holdings in selling a 74 per cent stake of real-estate developer DLF, advised by AZB & Partners Delhi, in its Indian life insurance wing Pramerica, to Mumbai-based home mortgager Dewan Housing Finance (DHFL). DHFL was advis...

Ex-Alliance Jerome P&C opposite Amarchand on StanChart-Mahindra $164m real estate JV

P&C Legal advised Mahindra group’s real estate arm Mahindra Lifespace Developers on its Rs 1,000 crore ($164m) joint venture (JV) with Standard Chartered Bank’s investment arm SCM Real Estate. StanChart was advised by Amarchand Mangaldas. P&C Legal partner Vishnu Jerome, whose part of Mumb...

Amarchand on $2.4bn minority-questionable Ambuja-Holcim merger

The Securities and Exchange Board of India (SEBI) is examining the terms of the agreement between Ambuja Cements and Holcim.

BMR, Luthra book $170m PVR- BookMyShow ticketing contract

PVR Cinemas
PVR Cinemas
Luthra & Luthra advised India’s largest multiplex operator PVR in its Rs 1,000 crore contract with BMR-advised Big Tree.

Amarchand Mangaldas, DLA lay out German Villeroy & Boch India JV

Amarchand Mangaldas and DLA Piper advised German luxury tableware and ceramics brand Villeroy & Boch (V&B) in forming a 50:50 joint venture with Delhi-based Genesis Luxury Fashion to develop its existing retail network in India. DLA Piper Hamburg corporate partner Dr Benjamin Parameswaran,...

M&A recovery hinted but AZB loses on biggest deals to Amarchand, TTA, DSK, in H1 league tables

M&A: Biggest slice, or rest of the pie?
M&A: Biggest slice, or rest of the pie?
AZB & Partners dropped off data provider Merger Market’s half-yearly (H1) M&A league table despite reporting 21 deals – the highest among India’s top ten law firms.

S&R, Indus, OMM, A&O on Partners’ $270m CSS Corp buy

Correction: We published some erroneous designations in the A&O team. We regret the error, which has now been corrected. S&R Associates and O’ Melveny & Myers advised Swiss asset managers Partners Group in buying 80 per cent equity for Rs 1,620 crore ($270m) in US-based IT services co...

Desai Diwanji, Amicus on Amtek’s $18m buy of JMT

Desai & Diwanji advised auto parts maker Amtek Auto, which bought 51.2 per cent in the Jamshedpur-based JMT Auto for Rs 110 crore ($18.4m), according to VCCircle . JMT Auto was advised by Amicus. Desai & Diwanji Gurgaon-based partner Raghav Mathur assisted by senior associates Nikhil Sachd...

Vaish, Wadia Ghandy sell Rs 5 cr Brainworks to Tree House pre-schools network

Vaish Associates advised pre-school network Brainworks Learning Systems and its investor Kusumbala Investments in selling out for Rs 5 crore ($824,810) to pre-school network Tree House Education & Accessories. Tree House was advised by Wadia Ghandy. Vaish Associates Mumbai corporate and banking...

Amarchand, Kochhar, Simmons drill out $2.47bn Videocon Mozambique stake for OVL-OIL

Hydrocarbon
Hydrocarbon
Amarchand Mangaldas advised Videocon Hydrocarbon Holdings (VHHL) on the Indian leg of the $2.475bn (Rs 14,827 crore) sale of its 10 per cent stake in a Mozambique gas field in Brazil.

IndusLaw, Amarchand drive $100m RedBus exit to Ibibo

IndusLaw advised the founders of Redbus and its early investors Helion, Inventus and Seed Fund, in selling out the online bus-ticketing service for $100m (Rs 597 crore) to the Ibibo Group, which is a joint venture of South African Media giant Naspers and Chinese internet company Tencent. Amarchand M...

Amarchand, AZB on SBI’s Rs 1.3 cr acquisition of Japanese Daiwa MF

Amarchand Mangaldas advised State Bank of India (SBI), SBI Trustee and SBI AMC in buying Japan’s second-largest brokerage group Daiwa Security Group’s Daiwa Mutual Fund. Daiwa was advised by AZB & Partners. SBI will buy the Japanese fund for more than Rs 1.3 crore ($220,000), reports Mint . Ama...

Amarchand, JD, SullCrom bag record $2.5bn Apollo-Cooper takeover

Tyres
Tyres
Amarchand Delhi, Jones Day Cleveland and Sullivan Cromwell London acted on Gurgaon’s Apollo Tyres $2.5bn takeover of Ohio-based Cooper.

Desai Diwanji, TTA on Indian leg of Amtek’s Rs 3,700 cr German co buy with FF, Links

Desai Diwanji, Freshfields, Linklaters, TTA sold German machining company to India auto maker