SAM, Khaitan sell FabFurnish to Future Group for around $2.6m

Monday, 11 April 2016 By Prachi Shrivastava Corporate M&A

Shardul Amarchand Mangaldas (SAM) advised Future Group on its acquisition of online furniture retail store FabFurnish which is operated by Bluerock eServices. Bluerock was advised by Khaitan & Co.

SAM Mumbai partner Shuva Mandal, Delhi partner Arvind Sharma, principal associate Janani Sekhar and associate Rohan Jain acted for Future Group.

Khaitan Mumbai director Ketan Kothari, principal associate Stuti Galiya and associate Abhinav Bhatia acted for Bluerock.

Germany’s Rocket Internet, which also backs Jabong and Foodpanda, backs FabFurnish, reported NDTV Profit.

Update 10 August 2016: Estimated average deal value of Rs 17.5 crore added: “Future Group may pay anywhere between Rs.15 crore and Rs.20 crore in cash to buy the Rocket Internet-backed start-up, two people aware of the development said on condition of anonymity,” reported Mint.

Shardul Amarchand MangaldasKhaitan & Co

Comments

Mike Ross 11 Apr 2016, 17:30
+0 -0
And Shuva-the savior is back..!!
I closed a deal 11 Apr 2016, 17:51
+6 -0
Big sale for 20 crore! Corp Lawyers are stupid!
Scraps 12 Apr 2016, 05:22
+2 -0
Deal valuation (net) would be less than 15 crores!
HK counsel 11 Apr 2016, 17:58
+2 -0
The quiet big man is carrying his clients away from the even bigger lady. good show. competition at its best.
MUMBAI Delhi 12 Apr 2016, 01:34
+3 -0
Check it out - SAM MUMBAI partner and SAM Delhi partner working together - never would have happened in Amarchand.
Way to go guys - you seem to have got the right balance!
Guest 12 Apr 2016, 18:47
+0 -0
Mate I think this is the deal. I don't believe he has a choice.
Commenting is closed for this article.