Corporate M&A

SAM for Tatas, JSA for Pepsi on latter’s exit from NourishCo Bev JV

NEW DELHI : Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged beverages market. — Mint J Sagar Associates advised PepsiCo India Holding...

DSK helps ReNew Power buy Climate Connect AI energy-management start-up

ReNew Power … said it has acquired Climate Connect, an artificial intelligence (AI) and machine learning start-up, to get access to energy management services. It added that the acquisition would strengthen ReNew Power’s ongoing digital and analytics initiative which aims to leverage its data and op...

AZB acts for Cisco Systems on buy of Bangalore SaaS provider 42hertz (Aug ‘19)

Networking giant Cisco acquired 42hertz, the SaaS-based from Bangaluru.

Varindia

AZB & Partners advised Cisco Systems Inc led by a team of partners Gautam Shah, Dushyant Bagga and Sachin Mehta, and senior associate Harshit Chandra.

2019-08-08

Deal value: Confidential

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Bharucha acts on $21.5m UltraTech sale of Bangladesh subsidiary to HeidelbergCement (Nov ‘19)

Bharucha & Partners advised UltraTech Cement Limited led by a team of partner Alka Bharucha, managing associate Ayesha Bharucha, associate Aishwarya Gupta.

AZB does India leg of Gauge / Schlesinger buy of US-India survey research company Market Cube

US – Data collection and research services firm Schlesinger Group has acquired online sample and survey research company Market Cube. — Www.Research-Live.Com AZB & Partners advised Gauge Capital / Schlesinger Global, LLC led by a team of partners Ashwath Rau , Prerak Ved , Hufriz Wadia , Veena ...

IC Universal does gaming firm Nazara’s $11.7m takeover of Paper Boat Apps (Oct ‘19)

Gaming firm Nazara Technologies has invested ₹83.5 crore in Mumbai-based Paper Boat Apps, an independent studio. Nazara has acquired 51% stake at a pre-money valuation of ₹154 crore. — The Economic Times IC Universal Legal advised Nazara Technologies Limited led by a team of partner Souvik Roy , ass...

CAM, AZB help Axis Bank buy another 29% in Max Life for $210m

Private sector lender Axis Bank … said it would acquire an additional 29 per cent stake in Max Life Insurance for an estimated price of Rs 1,592 crore, raising its total holding in the life insurer to 30 per cent after the completion of the deal. — Business Standard Cyril Amarchand Mangaldas advised...

Nishith Desai’s animal healthcare player SeQuent bought by AZB’s Carlyle for $209m

The US based private equity firm The Carlyle Group has agreed to acquire 74% stake in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India, for $210 million (Rs.1587 crore), company said on Friday. Carlyle will buy shares at a price of Rs.86 apiece. — The Economic Tim...

AZB, SAM act on India leg of Sagent, Indecomm buy of ISGN (Dec ‘19)

[Pennsylvania] Sagent Lending Technologies (“Sagent”), a leading mortgage servicing technology provider, today announced a definitive agreement to acquire ISGN Corporation (“ISGN”). The acquisition will expand Sagent’s loan servicing solutions and further demonstrate an ongoing commitment to the bro...

L&L acts on India leg of Anju Software buy of OmniComm Systems (Jul ‘19)

[Florida] OmniComm Systems Inc. announced… that Anju Software Inc. has completed the acquisition of OmniComm Systems, Inc. (OTCQX: OMCM), a leading strategic software solutions provider to the life sciences industry. Under the terms of the agreement, OmniComm is now a wholly owned subsidiary of Anju...

TTA for Sanofi as Khaitan-client Zentiva buys $36m Gujarat manufacturing unit (Sep 19)

Shares of Sanofi India declined more than 2 percent intraday on September 11 after the company approved sale of its Ankleshwar unit. The company board approved a transaction for the slump sale and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva and its legal entity in India,...

AZB, CAM, CC, LW act on Total 37% buy into Adani Gas for $714m (Oct ‘19)

French oil and gas major Total SA… announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore. — The Times of India AZB & Partners advised Total Holdings SAS led by a team of...

CAM, SAM act on $1.78bn Adani buy of AP Krishnapatnam port

Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) will buy a 75 per cent stake in Krishnapatnam Port Company Ltd, the entity that runs a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district, for ₹13,500 crore. — Hindu Business Line Shardul Amarchand Mangalda...

Khaitan, AZB act on Shapoorji Pallonji $204m sale of five solar assets to KKR [UPDATE-1]

Shapoorji Pallonji Infrastructure on Monday announced that it will sell five operational solar energy assets to KKR for ₹1,554 crore. — Mint Khaitan & Co advised regular infrastructure Shapoorji Pallonji Infrastructure Capital Company Private Limited led by a team of partner Akhil Bhatnagar , p...

L&L acts on India leg of US’ Ribbon Comms buy of global ECI Telecoms business (Nov ‘19)

[US-based] Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has entered into an agreement to acquire, through a merger, ECI Telecom Group Ltd (“ECI”), a global provider of end-to-end packet-optical transport a...

Lex Consult, Khaitan act on US’ Rockwell’s acquisition of Pune’s MESTECH Services (Oct ‘19)

MILWAUKEE—Rockwell Automation today announced that it has acquired MESTECH Services, a global provider of Manufacturing Execution Systems / Manufacturing Operations Management, digital solutions consulting, and systems integration services. — Corporate Press Release Lex Consult advised Pune-headquar...

AZB acts on NIIT Tech buy of Whishworks IT consulting company (Apr ‘19)

New Delhi, 06th April, 2019: NIIT Technologies Limited, a leading global IT solutions organization, today announced that it has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stak...

Alpha acts for New Delhi Center for Sight on acquisition of eye care centres from Patni Health

New Delhi Center for Sight Limited (NDCFS) acquired two eye care centers from Patni Healthcare Limited, according to reports.

Alpha Partners advised New Delhi Center for Sight Limited, led by partner Akshat Pande, senior associate Richa Hingle and lawyer Shreya Solenkey.

2020-03-20

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AZB acts for Sachin Bansal in (Sep ‘19) foray into financial services with Chaitanya microfinance buy

Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. — The Economic ...

Universal acts on India’s Encube Ethicals’ buy of Tioga Research in San Diego via US subsidiary

US-based Encube Ethicals, which is a wholly-owned subsidiary of Encube India, acquired 100% of Tioga Research to “create one of the largest skin topical manufacturers and service providers”, according to the company’s press release (PDF) . Universal Legal advised Encube Ethicals Inc led by a team of...