Corporate M&A

Khaitan, Davis Gilbert, SA Partners sell Network18 Webchutney shares to Dentsu

waxw1cdi
waxw1cdi
Khaitan & Co and Davis & Gilbert advised Japanese media giant Dentsu and its Indian subsidiary in picking up 80 per cent stake in Indian digital agency Webchutney. Webchutney was advised by SA Partners.

Trilegal, Amarchand sell Morgan Stanley India arm to StanChart for $8m

wealth management
wealth management
Trilegal advised British multinational bank Standard Chartered in buying out US investment bank Morgan Stanley’s Indian private wealth management unit. Morgan Stanley was advised by Amarchand Mangaldas.

Khaitan, DSK, Trilegal squeeze Kagome, Ruchi Soya, Mitsui in together

Tomatoes for Thon A La Provencale (swordfish)
Tomatoes for Thon A La Provencale (swordfish)

Harish Salve-ELP-Gagrats team up for $379m Jet-Etihad transaction opposite Amarchand-DLA

Jet Airways
Jet Airways
Senior counsel Harish Salve got stuck into novel transactional law with ELP, Gagrats, Amarchand and DLA.

ALMT & Clasis work together to separate Alcatel Lucent-Bharti Airtel JV

ALMT Legal advised telecom major Bharti Airtel in buying out its foreign joint venture (JV) partner Alcatel Lucent India, advised by ALMT breakaway firm Clasis Law. ALMT Mumbai partner Ryna Karani and Delhi partner Tushar Chawla with associate Tanvi Sinha acted for Bharti Airtel in acquiring Alcatel...

PDS, DLA, HogLove, Links bring €150m German rails to India for €36m

PDS & Associates and DLA Piper advised Indian conglomerate PCM Group in its €36m (Rs 255 crore) acquisition of German international railway equipment conglomerate Rail One whose shareholders were advised by Hogan Lovells. PDS & Associates Mumbai partner Sajid Mohamed, with DLA Piper German...

Q1 M&A activity tanks, firms fight for scraps: AZB, Trilegal, DSK, Platinum ‘win’

Q1 M&A: In terrible shape
Q1 M&A: In terrible shape
AZB & Partners did the greatest number of deals (13) in the first quarter of this year, according to the mergermarket M&A deal rankings.

Fox Chennai, JSA Bgl get quick FIPB nod selling $14m Wintac pharma shares to US-GAVIS

Fox Mandal advised US-based GAVIS Pharmaceuticals in its Rs 73.75 crore ($13.6m) brownfield investment in Bangalore-based pharma company Wintac, which was advised by J Sagar Associates (JSA).

JSA, AZB, DLA Piper sells Sievert to Bureau Veritas

J Sagar Associates (JSA) and DLA Piper advised multinational certification services firm Bureau Veritas (BV), which will buy Indian and middle-eastern industrial-testing firm Sievert. Sievert was advised by AZB & Partners Bangalore partner Srinath Dasari, senior associate Nanditha Gopal, and as...

DSK, Platinum deliver $1.6bn Strides Agila-Mylan buy with Herbies, Slaughters & Skaddens

Pharma
Pharma

Breaking: Herbert Smith Freehills (HSF) and DSK Legal advised old-client Strides Arcolab in the $1.6bn+ sale of its injectables subsidiary Agila Specialties to Nasdaq-listed generic drugs-maker Mylan Inc.

AZB, Link Legal cast Macquarie SBI’s $40m in GMR road project

AZB & Partners advised India-focused infrastructure fund Macquarie SBI in its Rs 206 crore ($40m) buy of 74 per cent equity in the GMR group’s road project GMR Jadcherla Expressways (GJEL). GMR was advised by Link Legal. AZB & Partners Mumbai co-founding partner Bahram Vakil, with senior a...

Khaitan, AZB invited to Airgate’s £14m events management sale

Khaitan & Co advised the British ITE group’s Cyprus-based subsidiary Airgate in its Rs 122 crore (£14m) buy of a 28.3 per cent stake in event management company Asian Business Exhibition and Conferences (ABEC), which was advised by AZB & Partners. Khaitan & Co Delhi corporate partner ...

Dua, Indus, Amarchand act in $4m Educomp-Kaizen-Bertelsmann e-learning deal

IndusLaw’s Hyderabad office advised Kaizen Private Equity, which with German publishing giant Bertelsmann invested $4m (Rs 22 crore) in AuthorGen Technologies, that was advised by Dua Associates in Mumbai. AuthorGen’s majority shareholder Educomp, which will become a minority shareholder after the s...

AZB aids Genpact buy of healthcare service provider Felix

AZB & Partners advised business process outsourcing firm Genpact in its buy of India-based healthcare payer industry service provider Felix Software Solutions, which was advised by US attorney Cyrus Kashef. AZB & Partners Delhi partner Vinati Kastia with senior associates Bharat Bahadur an...

Dacheng Wong disposes of Singaporean $20m e-waste subsidiary to Cerebra

Sino-Singaporean joint venture law firm Dacheng Wong Alliance’s India practice advised on Singaporean e-waste company Enviro-Hub Holdings’ (EHH) Rs 110 crore ($20m) sale of its subsidiary to Indian IT company Cerebra Integrated Technologies. Former Lexygen Singapore partner Yang Yen Thaw alongside f...

AZB, Amarchand sell HR Ikya to Thomas Cook, Fairbridge for $48m

AZB & Partners advised British travel major Thomas Cook’s erstwhile Indian subsidiary in buying a 74 per cent stake in upcoming Indian staffing company Ikya Human Capital Solutions for Rs 256 crore ($47.6m) . Ikya was advised by Amarchand Mangaldas. AZB & Partners Mumbai partner Ashwin Ram...

Amicus start-up advises DMI on Rs 50 crore Burman injection with AZB

AZB & Partners advised the Dabur India promoters, the Burman Family, which picked up around Rs 50 crore ($9m) stake in DMI Finance, which was advised by start-up Amicus Advocates & Solicitors.

Amarchand, D&D top M&A 2012 rankings, Luthra finds brief mention riding on $10.5bn Vedanta

Amarchand Mangaldas topped the 2012 mergers and acquisitions (M&A) India rankings released by data provider mergermarket, in terms of advising on the biggest value M&As in 2012. In terms of the total number of M&A deals advised on, Amarchand was runners up to third-time leader Desai & Diwanji.

Khaitan, Clifford Chance knit Chinese Jiangsu's $537m buy of Swiss Oerlikon, with Freshfields

Khaitan & Co and Clifford Chance advised Chinese textile machinery manufacturing company Jiangsu Jinsheng in its CHF 500m or Rs 2,940 crore ($537m) buy of the textile components business of Swiss engineering company Oerlikon which was advised by Freshfields Bruckhaus Deringer.

DSK Legal, Desai & Diwanji on $72m Indo-Swiss road-making JV, with Luther LLP

DSK Legal, with German law firm Luther LLP, advised Switzerland-based road construction equipment maker Ammann group in its Rs 280 crore ($51m) buy of 70 per cent equity in Gujarat’s Apollo group’s road-equipment business. Apollo was advised by Desai & Diwanji. DSK Legal Mumbai partners Raksha ...