Corporate M&A
Amarchand Kolkata buys $50m Bangalore datacentre for Tulip
Twobirds, JSA tie-up EU online food biz with Bangaloreans
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

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

$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

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

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
