Corporate M&A

Amarchand Kolkata buys $50m Bangalore datacentre for Tulip

Amarchand Mangaldas has advised data service provider Tulip Telecom on the Rs 230 crore ($50m) acquisition of an entire data centre facility housed in Bangalore’s Sada IT Parks to create India’s largest and third largest eco-friendly data centre in the world. The firm’s Kolkata-based partner Kalpata...

Twobirds, JSA tie-up EU online food biz with Bangaloreans

J Sagar Associates (JSA) and Bird & Bird have advised on the $1m joint venture to bring European online food ordering website Just-Eat with Bangalore-based online food delivery platform Achindra Online Marketing. The Bird & Bird team was led by partner Chris Barrett and assisted by associa...

Khaitan & Co advises UAE bank on English-law outsourcing to WNS

Khaitan & Co has advised UAE-headquartered Mashreqbank PSC on its contract with business process outsourcing (BPO) provider WNS Global’s India-based operations for outbound calling in banking services for clients in English and Arabic for an undisclosed amount.

Wakhariya for Novartis in anti-rabies vaccine buy Aventis

Mumbai-based firm Wakhariya & Wakhariya and Bachubhai Munim & Co have advised in Novartis Pharma’s 49 per cent $22.3m acquisition of Aventis Pharma’s equity in anti-rabies vaccine manufacturer Chiron Behring Vaccines.

Amarchand, Desai & Diwanji on sale of IDFC AMC to top French asset manager Natixis

Desai & Diwanji has advised IDFC Mutual Fund on its estimated Rs 300 crore ($66m) sale of a 25 per cent stake in IDFC Asset Management Company to French asset manager Natixis, which was advised by Amarchand Mangaldas Mumbai.

Majmudar, K&L lead on sale of Thakker & Thakker tech client

Majmudar & Co and K&L Gates have advised on e-commerce enterprise Rearden Commerce’s world-wide acquisition of Ketera Technologies, which was advised by DLA Piper and Thakker & Thakker that will cease operating at the end of this year.

November Indian legal advisor M&A activity round-up

AZB & Partners and Amarchand Mangaldas have advised on a majority of M&A mandates out of 26India-related transactions in November, according to data aggregated by mergermarket.

JSA buys Sweden’s Volvo full control of Volvo Buses India from Jaico

J Sagar Associates’ (JSA) Bangalore office has advised Volvo Bus Corporation in the buy-out of a 30 per cent stake of its Indian joint venture from partner Jaico Automobile Engineering, which hired AKS Law Associates.

Amarchand, Canadian, African and int’l firms structure $422m sale of CIC to JSW Energy

Amarchand Mangaldas has advised JSW Energy on its $422m (Rs 1,900 crore) acquisition of Canadian power company CIC Energy with a raft of international law firms.

DLA, Khaitan, I&S close Indo-German solar power joint venture

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DLA Piper’s new German hires and Khaitan & Co have advised photovoltaic company Gehrlicher Solar AG on its reported $5m+ joint venture with Indian green-tech company Greenforce Enviro, which was advised by Mumbai firm I&S Associates.

AZB, Foley, Baker & Daniels straighten out $100m Dabur haircare US acquisition

AZB & Partners and US firms Foley Lardner and Baker & Daniels have advised on the Rs 450 crore ($100m) acquisition of US hair product company Namasté Laboratories by Dabur India’s US unit company Dermoviva Skin Essentials Inc.

DSK, Stephenson Harwood forge JSW-Severfield Rs 1000 crore JV

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DSK Legal and UK firm Stephenson Harwood have closed a Rs 1,000 crore ($219m) joint venture (JV) between JSW Steel and UK steel major Severfield this month.

$450m Axis-Enam domestic takeover sealed by Cyril, Zia

The Mumbai offices of Amarchand Mangaldas and AZB & Partners have advised on the acquisition by India’s third-largest private sector bank Axis Bank of financial services businesses of Enam Securities Private Limited (Enam) for Rs 2,067 crore ($450m).

Khaitan & Co’s Indian software client gobbles US company for $66m

Listed Indian software services company Zensar Technologies has bought Dutch-American software company Akibia for $66m, advised by Khaitan & Co and US firms Greenberg Traurig and Stahl Cowen Crowley Addis.

Phoenix, Tatva seal sale of $92m Indian airline caterer Skygourmet with Travers Smith, Proskauer

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Phoenix Legal and Tatva Legal have advised on the global catering and onboard services provider Gategroup’s 74 per cent stake take-over of India’s leading airline catering company Skygourmet, which is valued at $92m.

Desai & Diwanji referral bags BLP £18.4m Indian outbound UK acquisition (UPDATE-1)

Desai & Diwanji and UK international firm Berwin Leighton Paisner (BLP) have jointly acted on Indian publicly listed Elecon Engineering’s acquisition of the UK’s Benzler-Radicon group of businesses for £18.4m and other global business arms.

Amarchand for FedEx in buy of AZB-rep’d logistics company

AZB & Partners and Amarchand Mangaldas Delhi have advised on the world’s largest express shipping company FedEx’s acquisition of Indian logistics services provider AFL Private Limited and its subsidiary Unifreight.

Indian M&A league table Q3 2010: Firms harvest busiest M&A year on record

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AZB & Partners has topped the mergermarket league table for the first three quarters of 2010 in a record year of M&A activity so far. The firm is followed in the rankings by Desai & Diwanji, Amarchand Mangaldas, Khaitan & Co and newcomer Tatva Legal according to the total number of mandates.

KhaiCo, W&C, Hogan Lovells do Indian buy of US-Mex-Brazil telecoms tower maker

Khaitan & Co and White & Case LLP have advised Indian-listed transmission tower manufacturer KEC International in its $ 95m acquisition of US-based SAE Towers Holdings LLC which was advised by Hogan Lovells LLP.

Reliance Industries with AZB buys $217m of Khaitan & Co-client Oberoi

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AZB & Partners and Khaitan & Co have assisted in Mukesh Ambani’s Reliance Industries Rs 1020 crore ($217m) buy today of a 14.12 per cent stake in the Oberoi hotel and resort chain owners.