Corporate
CAM, ALMT advise on Zee Learn $28m investment in MT Educare
“Zee Learn Limited announced [in February] that it has signed definitive agreements to Invest Rs 200 crores in MT Educare Limited through a preferential allotment of equity shares (face value Rs 10 per share) for a stake of 44.53% in the expanded share capital of MT Educare Limited, the company said in a stock exchange filing,”, according to NDTV.
CAM advises Warburg on $400m exit sale of Continental Warehousing to Hindustan Infralog
“Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd,” according to VCCircle.
CAM helps Fireside invest $1m in Pipa Bella jewellery e-tailer
“Pipa + Bella, a private label non-precious jewellery e-tailer, has raised $1 million (Rs 6.4 crore) led by Fireside Ventures, early-stage consumer-focussed venture fund, a company statement said,” reported VCCircle.
CAM, Platinum handle India leg for Procter & Gamble in Merck consumer health business buy
“Procter & Gamble has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets,” reported CNBC. The transaction involved the acquisition of Merck Limited, a listed Indian company, through Procter & Gamble Overseas India B.V, including 3,300 Merck employees. A mandatory tender offer to minority shareholders will be made for the Indian entity.
CAM advises Sistema on $12m Series B in Mumbai’s Seclore Tech
“Mumbai-based enterprise technology firm Seclore Technology Pvt. Ltd has raised $12 million (around Rs 80 crore) in Series B funding from Sistema Asia Fund, Helion Venture, VentureEast and India Alternatives,” VCCircle.
CAM, Luthra advise True North in Federal Bank 26% PE investment for $23.5m
“The Federal Bank board has approved 26% strategic investment by private equity player True North in its wholly owned subsidiary - FedBank Financial Services (FedFina), a move that will help the company to grow its loans,” according to reports.
CAM, DSK, NDA advise BanyanTree on $75m Nspira investment
“Education services provider Nspira Management Services Pvt. Ltd has raised $75 million in a round led by Morgan Stanley Private Equity Asia and Banyan Tree Growth Capital II, the company said,” reported Mint.
CAM, Reed Smith, Links advise on AT Holdings sale of Orange Renewables to Greenko
“Greenko Group has agreed to buy Orange Renewable from Singapore’s AT Capital Group at an enterprise value of $1 billion, Greenko Group founder Mahesh Kolli said,” reported Mint in June.
CAM acts for 4 parties in $99m Warburg Pincus stake buy in IndiaFirst Life
UK insurance company Legal & General Group Plc sold its 26% stake in IndiaFirst Life Insurance to private equity giant Warburg Pincus for Rs 710.54 crore, reported moneycontrol.
Cyril Delhi’s Harsh Kumar (NUJS 05) joins Shardul Amarchand Delhi
Cyril Amarchand Mangaldas Delhi partner Harsh Kumar, who had resigned in September, has joined Shardul Amarchand Mangaldas.
Link Legal, K Law act on $2m pre-Series A into SmartCoin
Ex-Inox Leisure legal head Dhanraj Mulki joins Mahindra Hols in leadership group as GC, CS
Former Inox Leisure vice president legal and company secretary Dhanraj Mulki has joined Mahindra Holidays as general counsel and company secretary.
Khaitan acts on $22.5m Series A for Cred, new scheme by Freecharge-founder
CAM, NDA help GIC invest $150m in Godrej Properties
“GIC is ramping up its exposure to Indian real estate, with an investment firm managed by the Singaporean sovereign wealth fund buying a stake in Mumbai-based developer Godrej Properties Ltd for about Rs 1,000 crore ($150 million),” according to Mingtiandi, giving it a 5% stake in the company, which issued fresh shares for the acquisition.
Ex-SAMer Kalpataru Tripathy acts for Fusion Micro Finance on $75m cash infusion from Warburg, opposite CAM, JSA, Vertices, IC Universal
CAM for Premji Invest on $240m 6% stake buy in Future Retail from Bharti Ventures
“PremjiInvest, the family office of Wipro chair Azim Premji, has picked up 6% stake in Future Retail Ltd, the company said. PremjiInvest bought the stake in a bulk deal from Cedar Support Services Ltd, a subsidiary of Bharti Ventures Ltd,” according to Mint.
CAM acts on $85m Trakya sale of HNG Float Glass to Hindusthan National Glass
CAM acts for Truecaller with Themis on Chillr buy
CAM, S&R on (aborted) IndusInd IL&FS Securities Services takeover
CAM, WG on $275m Adani buy of Marine Infrastructure port from L&T
“Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of the Adani Group, announced that it has executed a Share Purchase Agreement between Larsen and Toubro Ltd, Marine Infrastructure Developer Pvt. Ltd (MIDPL), L&T Shipbuilding Ltd and Adani Kattupalli Port Pvt. Ltd to acquire 97 per cent shares of MIDPL. MIDPL is the developer and operator of Kattupalli Port,” according to Steelguru.