Corporate M&A

Amarchand, Desai & Diwanji sell Rs 430 cr DLF Gurgaon land to M3M

Amarchand Mangaldas advised DLF Home Developers on Rs 430 crore ($81.5m) sale of its subsidiary Haamid Real Estates to realty firm M3M India, which was advised by Desai & Diwanji.

As M&A markets tank, Desai&D, Khaitan win volume race; AZB, TTA, S&R, A&O, Links dominate biggest deals in league table

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Desai & Diwanji has again reclaimed its throne as the busiest M&A firm in India having acted on 33 deals in the first three quarters of the year with Khaitan & Co also laying down improved M&A figures, while AZB & Partners, Talwar Thakore Associates and S&R Associates harvested the biggest value deals, also benefitting Linklaters and Allen & Overy.

AZB’s Westbridge ties yield instruction in up to $250m AppLabs-CSC sale

AZB & Partners Delhi and P&A Associates advised on the sale of AppLabs to Computer Sciences Corporation (CSC) for as much as Rs 1,200 crore ($253m).

DSK Delhi, 4 foreign firms on $200m Japanese IT cash injection for B’lore mobile ad network InMobi

Exclusive: DSK Legal’s Delhi office has scored the role advising Japanese telecoms major Softbank Corp on its $200m strategic investment in Bangalore-based mobile ad network InMobi, alongside four international firms.

Amarchand, DM Harish ramp up Tommy Hilfiger India presence through JV buy with Wachtells, Pryor Cashman

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Amarchand Mangaldas advised Tommy Hilfiger with Wachtell Lipton Rosen & Katz in its 50 per cent stake in joint venture partner Arvind Murjani Brands, which was advised by DM Harish & Co and Pryor Cashman.

Amarchand, S&R, CB + Links, Slaughters, SH land Piramal’s $460m buy of Vodafone Essar stake

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Exclusive: S&R Associates is advising Vodafone Group on its disposal of 5.5 per cent of the shares in Vodafone Essar for $640m to Piramal Healthcare, which is relying on Amarchand Mangaldas as lead adviser with Linklaters and Slaughter and May, as well as Crawford Bayley and Stephenson Harwood.

Desai & Diwanji, Lathams advise on $90m Sesa Goa buyout with Israeli, Liberian firms

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Exclusive: Desai & Diwanji and Latham & Watkins have advised Vedanta group-owned iron ore producer and exporter Sesa Goa on its $90m (Rs 400 crore) buyout of Liberian company Western Cluster’s of majority stakes from mining major Elenilto Minerals & Mining.

JSA, AZB, Covington draw up Disney’s $454m UTV buyout

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J Sagar Associates (JSA) and US firm Covington & Burling advised Disney, which is seeking to buy-out its Indian partners in the UTV joint venture for $454m, with AZB & Partners advising UTV’s promoters.

Majmudar on $94m UK outsourcing sale next to Addleshaw, Eversheds

Majmudar & Co, UK law firms Addleshaw Goddard and Eversheds have advised on the buyout of UK-based Ventura’s call centre business by FTSE-listed outsourcing company Capita for $94m.

Vaish assists De Dietrich's slump purchase of Nile's division for Rs 58.5 cr to enter manufacturing in India

Vaish Associates Advocates and Hyderabad-based law firm Harish Kumar & Associates have advised on French company De Dietrich Process Systems’ acquisition of Nile Limited’s glass-lined equipment and pressure vessels division business for Rs 58.5 crore in a slump sale.

Amarchand, Landwell, JDS on Jacobs Engineering's buy-out of CES

Amarchand Mangaldas, French law firm Landwell & Associés and JDS Lawchambers have advised on Singapore-based Jacobs Engineering Group’s acquisition of India-incorporated Consulting Engineering Services (CES).

M&A H1 2011 league table: AZB with most but fewer chunky deals, Desai & Diwanji rules volume, TTA-Links strong duo

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Desai & Diwanji has advised on the most M&A mandates in the first half of the 2011 calendar year, with AZB & Partners having advised on far fewer deals than last year but still topping the mergermarket league table by value of transactions closely followed by Talwar Thakore Associates.

JSA, Hogan Lovells on GlobalLogic's buy-out of Indian software company

J Sagar Associates (JSA) and Hogan Lovells have advised software research and development (R&D) services leader GlobalLogic on its acquisition of product and content engineering company Rofous Software.

JSA, Rajani on Rs 686 cr Saint-Gobain's slump purchase

J Sagar Associates (JSA) and Rajani Associates have advised on glass manufacturer Saint-Gobain’s acquisition of Sezal Glass’s float glass unit in a slump sale for a reported sum of Rs 686 crore.

SNG, Desai & Diwanji forge David Brown-Bharat Forge JV

SNG & Partners Delhi, Desai & Diwanji and Bharat Forge’s in-house team structured the joint venture (JV) between Bharat Forge and engineering company David Brown Systems to produce gearboxes and transmissions.

Majmudar, Gagrats arrange $20m German auto parts-maker entry

Majmudar & Co has advised KS Gleitlager GmbH, which is part of German automobile company Kolbenschmidt Pierburg, in its Rs 87 crore ($19.5m) acquisition of a unit of Indian automotive parts maker Kirloskar Oil Engines. Majmudar & Co partners Akhil Hirani, Rukshad Davar and Neerav Merchant ...

Blackstone exits $634m BPO: TTA-Links, WadiaG, Simpsons, Simmons involved

Talwar Thakore and Associates (TTA), Linklaters, Wadia Ghandy & Co, Simpson Thacher & Bartlett and Simmons & Simmons have advised on British company Serco’s acquisition of Indian business process outsourcing (BPO) Intelenet for $634m marking private equity (PE) firm Blackstone’s exit from the BPO.

JSA racks up second American client masala buy for $115m

J Sagar Associates (JSA) has advised US-based spice manufacturer and long standing client McCormick Inc. on its joint venture with Indian basmati rice maker Kohinoor Foods Ltd (KFL), led by Delhi law firm Swarup & Company, for marketing and selling KFL’s food and rice products in India.

JSA joins India’s Camlin for Rs 186 cr to Japan’s Kokuyo with AZB

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J Sagar Associates (JSA), AZB & Partners and Japanese law firm Anderson Mori & Tomotsune have advised on Indian stationery maker Camlin’s majority stake buy-out by Japanese counterpart Kokuyo for Rs 186 crore.

Luthra, Skaddens team up on market research M&A deal

Luthra & Luthra and Skadden, Arps, Slate, Meagher & Flom have advised US research company Forrester Research on its acquisition of Knowledge Platform-owned Springboard Research. Luthra & Luthra partner Shweta Hingorani was assisted by managing associate Suyash Srivastava, senior assoc...