Corporate M&A

Amarchand, S&R, Jones Day, Latham sell Rs 1000 crore BPO to Sutherland

Amarchand Mangaldas, with Jones Day, advised healthcare BPO Apollo Health Street (AHSL) and its promoters in selling out for Rs 1000 crore ($184m) to US-headquartered BPO Sutherland Global Services (SGS). SGS was advised by S&R Associates and Latham & Watkins. Amarchand Mangaldas Mumbai ma...

Start-ups Alliance & Vichar bag Rs 100 cr Japanese chemicals M&A with Jones Day

chemistry
chemistry
Chennai-based start-up Vichar Partners has advised Sree Ramcides Chemicals on its Yen 1,495 million (Rs 98 crore) acquisition by Japanese company SDS Biotech KK, which was advised by Alliance Legal and Jones Day.

PXV mans UAV maker’s sell-out to Tata, with AZB

PXV Law Partners advised its old client Aurora Integrated Systems and its promoters in selling out to Tata group’s Tata Advanced Systems (TASL) which was advised by AZB & Partners. PXV Law Partners partners Deepto Roy and Pingal Khan with associate Namritha Joseph acted for the Bangalore-based ...

Khaitan, Amarchand, AZB, Herbies on $193m Otsuka,Mitsui-Claris pharma JV

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Khaitan & Co, with Herbert Smith Freehills, advised the Japanese Otsuka Pharmaceutical Factory (OPF), in co-investing Rs 1050 crore ($193m) in Indian pharma company Claris Lifesciences, to form a joint venture (JV). Claris was advised by AZB & Partners. Japan’s Mitsui & Co, advised by Amarchand Mangladas, was the other investor.

Amarchand, Wadia Ghandy lead PVR’s $100m Cinemax takeover

Cinema
Cinema
Amarchand Mangaldas Delhi advised cinema chain PVR, which is buying rival chain Cinemax India by acquiring shares from the promoter – who are advised by Wadia Ghandy - and a subsequent open offer valued at around Rs 540 crore ($100m).

Amarchand, Fox work out Nissin ABC Corp logistics

Fox Mandal advised Japanese tourism and logistics company Nissin Corporation in buying 44 per cent stake in its Indo-Japanese joint venture (JV) Nissin ABC Logistics, from JV partner ABC India. Amarchand Mangaldas advised ABC India. Fox Mandal Kolkata partner Shourya Mandal acted for Nissin Corporat...

150-lawyer deal: Amarchand, Platinum, Slaughters sell United Spirits to Diageo for £660m

United Spirits bottles
United Spirits bottles
Breaking: Platinum Partners and Slaughter and May advised London-based drinks giant Diageo on its overall complete £1.28bn (Rs 11,166 crore) acquisition of Vijay Mallya-promoted United Spirits, which was advised by Amarchand Mangaldas Mumbai office, as well as Kanga & Co and Herbert Smith Freehills.

PXV and French friend advise on Rs 145 cr Century Seeds buy with Narasappa

PXV Law Partners, together with its French best friend firm DS Avocats, acted for French $1.9bn agricultural conglomerate Groupe Limagrain that bought Delhi-based vegetable seeds maker Century Seeds, represented by Bangalore firm Narasappa Doraswamy Raja. PXV stepped up with partners GT Thomas Phill...

Desai & Diwanji, Khaitan & Co clear Eureka Forbes-Waterlogic JV

Exclusive: Desai & Diwanji has acted for Eureka Forbes in its 50:50 joint venture (JV) with Khaitan & Co-advised Waterlogic, which will develop water purification products together over five years, investing $10m (Rs 54 crore).

Udwadia Udeshi & Argus strikes big in Rs 1600+ cr Magma-GE Capital loans buy

House
House
Exclusive: Udwadia Udeshi & Argus Partners (UUA) have advised Magma Fincorp, which today announced it would acquire home loan portfolios worth more than Rs 1,600 crore from GE Capital India, which was advised by AZB & Partners.

Amarchand, Platinum, Freshfields on Rs 2,400 cr BG sale of Guj Gas with first Form II CCI filing

Dominance
Dominance
Platinum Partners with Freshfields Bruckhaus Deringer advised UK oil and gas major BG Group on its sale of state-owned Gujarat Gas Company for over Rs 2,400 crore to Gujarat State Petroleum Corporation’s (GSPC) subsidiary GSPC Distribution Networks, involving India’s first long form merger control clearance.

Desai & Diwanji, Wadia Ghandy for multi million steel plant buy-out by Interglobe hotels

Desai & Diwanji advised hospitality group Interglobe hotels, on its multi-million dollar purchase of the issue share capital of steel maker Isha Steel Treatment, which was advised by Wadia Ghandy. Desai & Dewanji Bombay partners Jai Diwanji and Ruzbeh Mistry, associate partner Sidhharth Mo...

KhaiCo, AMSS reprise long-time clients in $200m Orchid-Hospira sale with Bakers, Lathams

Pills n pills
Pills n pills
Khaitan & Co and Baker & McKenzie again advised leading global injectable generic drugs maker Hospira and its Indian subsidiary Hospira Healthcare India (HHI) in its Rs 1100 crore ($200m) acquisition of Chennai-based global pharma major Orchid Chemicals & Pharmaceuticals’ penicillin and penem making facility and research & development business. Orchid was advised by Amarchand Mangaldas and Latham & Watkins.

Verus powers $40m Suzlon wind farm sale opposite Desai & Diwanji, from bigger office

Verus' Jay Parikh
Verus' Jay Parikh
Verus advised India-based leading global wind-power company and longstanding client Suzlon Energy (Suzlon) in the Rs 160 crore ($40m) sale of its 58 MW wind-farm Suzlon Engitech to an undisclosed purchaser, which was advised by Desai & Diwanji.

Dhall drafted into Reliance-Network18 buy to win competition clearance with AZB, Khaitan

Boutique competition firm Dhall Law chambers won the Competition Commission of India’s (CCI) approval for Reliance Industries (RIL) in its purchase of stake in media entities Network 18 and TV 18 Broadcast, which were advised by AZB & Partners and Khaitan & Co on the transactional aspects ...

AMSS, AZB, JD, Penningtons wire $165m Bharti-Qualcomm India buy

Wireless
Wireless
Exclusive: Amarchand Mangaldas, AZB with international firms Jones Day and Penningtons advised Bharti Airtel on its $165m purchase of Qualcomm 4G spectrum licences in India, according to several sources close to the deal.

AZB, Trilegal, A&O, Shearmans steer Thomas Cook’s $150m India exit

Thomas Cook flies away
Thomas Cook flies away
AZB & Partners and international law firm Shearman & Sterling advised a Canadian financial holdings company’s investment subsidiary Fairbridge Capital in its purchase of 76.81 per cent equity for Rs 817 crore ($150m) in British holiday maker Thomas Cook Group’s (TCG) Indian subsidiary Thomas Cook India (TCIL). TCG was advised by Trilegal with international best friend law firm Allen & Overy.

JSA, AZB host Dutch fund investment in Indian hotel chain with DLA Piper

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J Sagar Associates (JSA) and international law firm DLA Piper advised Dutch pension services provider APG Strategic Real Estate pool Netherlands in its Rs 650 crore ($123m) investment in leading Indian hotel chain Lemon Tree Hotels and its subsidiary Fleur Hotels which were advised by AZB & Partners.

Fox Mandal Linked in by Wilson Sonsini Goodrich & Rosati to get Slideshare, with Fenwick & West

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linkedin-icon
Fox Mandal Bangalore instructed by US law firm Wilson Sonsini Goodrich and Rosati (WSGR) advised business and professional networking website LinkedIn on its Rs 632 crore ($118m) acquisition of presentation sharing service Slideshare which was advised by US law firm Fenwick & West LLP.

Schroders takes 25% in Axis Asset Mgt with Amarchand, Bharucha

Bharucha & Partners advised Axis Bank that sold 25 per cent of its shares in Axis Asset Management to Amarchand Mangaldas-advised Schroders.