Corporate
TT&A, Kanga act on $6.3m buy of business from Hubergroup by Elantas Beck
The Board of Directors of ELANTAS Beck India Limited in its Meeting held on 23 December 2019 considered and approved the proposal of acquisition of Intangible Assets pertaining to the wire enamel business from hubergroup India Private Limited at a consideration, not exceeding Rs. 45 Crore, plus GST ...
Desai & Diwanji acts for Omnivore on $6m round in Ecozen agritech player
Agritech startup Ecozen, which makes products that help enhance life and value of perishables has raised a total of $6 million funding to fuel its growth phase. — Hindu Business Line Desai & Diwanji advised repeat investor Omnivore India Capital Trust led by a team of partner Siddharth Mody and...
Ikigai acts on Rent It Bae buy of Flyrobe fashion rental start-up
NEW DELHI: Rent It Bae has acquired peer fashion rental services startup Flyrobe to consolidate operations, ramp up its omnichannel footprint and tap the overseas market. AARK World Pvt Ltd., which owns and operates Rent It Bae, said both businesses are being merged and will operate under the brand ...
Rajaram client Lenskart gets $231m from Softbank with SAM, W&C, now worth more 1.5 billion
NEW DELHI: SoftBank has invested about $231 million (Rs 1,645 crore) in Lenskart Solutions after months of negotiations with the eyewear solutions company. The Japanese group will back the Faridabad-based company, now valued at $1.5 billion from its second Vision Fund The financing round was first r...
L&T Finance legal chief Raju Dodti becomes biz head of Infra Finance vertical on rarely-trod GC-CEO path
He is possibly only the second lawyer after InterGlobe’s Aditya Ghosh to be making a similar journey from GC to CEO at such a major corporate
Credit Suisse India head Sapna Bhawnani to join PE fund KKR & ex-colleague
Mumbai-based Credit Suisse director and India head of legal, Sapna Bhawnani, is set to join KKR in the new year as its second in-house lawyer in India.
L&L, Link Legal, Bharucha act on Vedantu e-ducation platform’s $42m WestBridge, Tiger Series C
Interactive online tutoring platform Vedantu on Friday raised $42 million in a Series C funding round led by Tiger Global and WestBridge Capital. Existing investors Accel, Omidyar Network India and TAL Education, as well as Prince Maximilian of Liechtenstein & CEO, LGT group and the founders of...
AZB acts on $99m Tata Realty sale of Nagpur, Amritsar malls to Xander PE's Virtuous Retail
Realty developer Tata Realty & Infrastructure Ltd (TRIL) has exited two of its non-strategic assets, retail malls in Nagpur and Amritsar. The Tata Group company has sold these malls to private equity firm Xander Group’ retail arm Virtuous Retail for around Rs 700 crore, said two persons familia...
Khaitan, Legasis do $6.5m sale of Chandra Container Freight Stations to Team Global Logistics
Gateway Distriparks has entered into a share purchase agreement to sell its second CFS - Chandra CFS & Terminal Operators Private Limited - to Team Global Logistics Private Limited (TeamGlobal), for ₹47 crore and an amount equal to earnings before depreciation and amortisation for a period of A...
S&R, Trilegal act on $5m investment in Livfin from Germany's DEG
LivFin, an SME-focused supply chain Fintech startup has raised a $5 million round of funding led by German development finance institution DEG. The funds will be used for expansion of operations and to reach the startup’s AUM target of $40 million by March 2020. — The Economic Times S&R Associa...
S&R acts for Ncubate India on Livfin's 10% management buy-back
Ncubate India Services, a SAR Group company, sold 10.03% of the share capital of Livfin India, an NBFC providing supply chain financing, to the management team of Livfin India. This deal has not been reported by any mainstream media outlets at the time of going to press and is based on the informati...
DSK acts on $56.4m Prestige buy of hotel, convention centre mixed-development project
Bangalore developer Prestige bought a 50% equity stake in Bamboo Hotel and Global Centre (Delhi) Private Limited. Realty firm Prestige Estates Projects Ltd has tied up with Mumbai-based DB Group for a mixed-development project comprising a large hotel and convention centre in Delhi at a total invest...
Pioneer, DGS act on France's Havas buy of India's Shobiz Experiential
French communications network Havas Group has picked up a majority stake in India’s first and leading experiential agency Shobiz Experiential Communications. Founded in 1982, the Mumbai-headquartered Shobiz has five offices and 300 professionals across India. — The Economic Times Pioneer Legal advis...
Rajaram acts for Matrix in Open Secret seed round
Open Secret, a food and beverages startup that is looking to take a swing at the healthy snacks market in India, has raised an undisclosed amount in seed capital led by Matrix Partners. The startup, founded by Ahana Gautam and Udit Kejriwal earlier this year, says it uses nuts and chocolate as the p...
AZB acts for Advent on 74% buy of Bharat Serums, Vaccines
Private equity firm Advent International (Advent) has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines Limited for an undisclosed sum. Bharat Serums is a biopharmaceutical player in women’s healthcare, assisted reproductive treatment, critical care and emerg...
Luthra Mumbai corp partner Aditya Periwal joins AZB, which also promotes Qais Jamal to partner in infra
AZB & Partners has hired L&L Partners Mumbai corporate and infrastructure partner Aditya Periwal in its Mumbai office.
Khaitan acts for Centrum Microcredit buy of Altura’s microlender
Mumbai-based financial services group Centrum has acquired the business operations of New Delhi-headquartered microlender Altura Financial Services Ltd through its unit Centrum MicroCredit Ltd. — VCCircle The deal was structured by way of a business transfer arrangement. Post the acquisition, CML wi...
PDS acts on India leg of NZ’s Fonterra 50% sale to DFE Pharma
New Zealand’s Fonterra … agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business. — Reuters It is a leading global excipients manufacturer for the pharmaceutical industry. DFE Pha...
SahaiCo, CAM act on $2.95m Series A for Fable Street e-commerce player from Fireside
Delhi-headquartered ecommerce company FableStreet, on … December 9 … announced that it has closed $2.95 Mn (INR 20 Cr) Series A funding round. The investment was led by Fireside Ventures, with the participation of Pradeep Parameswaran, president for Uber India and South Asia; Dilip Khandelwal, MD an...
Khaitan acts on $52m Quadria Cap buyout of Asian Institute of Gastroenterology from Samara
Quadria Capital has invested (via Nile II Investments Holding Pte Ltd) in Asian Institute of Gastroenterology Private Limited, by way of subscription to primary securities and purchase of shares from Samara Capital, aggregating to approximately $52m, according to Khaitan & Co. Khaitan & Co...