Corporate
Mani Chengappa, Samvad act on Inventus investment in bike gear maker BluArmor
“Early-stage investor Inventus Capital Partners, which backs Indian and US startups, has placed a bet on Bengaluru-based AptEner Mechatronics Pvt. Ltd, which makes and sells motorcycle riding and safety gear under the brand name BluArmor,” reported VCCircle . Mani Chengappa & Mathur advised Apt...
HSA hires ex-DH, P&P, D&D start-up partner Geeta Saha as Mumbai finance partner
HSA Advocates has hired GS Associates Advocates & Attorneys founder and managing partner Geeta Saha as a partner in Mumbai, specialising in banking and finance, infrastructure, projects & energy, corporate finance and real estate.
SAM acts on $23.5m JK Paper insolvency
“National Company Law Tribunal (NCLT)’s Hyderabad bench on Thursday approved the resolution plan submitted by J K Papers Limited for the revival of Sirpur Paper Mills Limited’s operations in Telangana,” reported Business Standard about the insolvency . Shardul Amarchand Mangaldas & Co advised J...
SAM, L&L act on $53.7m Artal Asia buy of Capital Foods by GA
“Private equity (PE) firm General Atlantic LLC is in final stages of discussions to buy a controlling stake in Capital Foods Pvt. Ltd, the owner of the instant noodles brand Ching’s Secret, according to two people aware of the development,” reported Mint . Shardul Amarchand Mangaldas & Co advis...
SAM acts on $25.82m Cosmic Ferro insolvency
The deal involves a consortium of United Tradeco FZC and QVC Exports Private Limited, on their acquisition of Cosmic Ferro Alloys Limited. This acquisition is pursuant to the corporate insolvency process of Cosmic Ferro Alloys Limited and a successful approval of the resolution plan in the National ...
SAM, AZB acts for GA in Karvy Fintech investment
“Some of the other finance deals closed by General Atlantic include Karvy Fintech, IIFL Wealth Management, BillDesk, IndusInd Bank and NSE. Värde’s known bets in India include its stressed asset joint venture with Aditya Birla ARC and an investment in Altico Capital India,” VCCircle reported. Shardu...
SAM acts for Paytm in $40m buy of Chennai ticketing start-up TicketNew
“Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth ...
SAM acts on $7m Nerolac - RAK Paints acquisition
The deal pertains to Kansai Nerolac Paints Limited’s acquisition of 55% of the fully paid-up equity share capital of RAK Paints Limited, according to reports . “Paint maker Kansai Nerolac today said it is in process to acquire 55 per cent equity stake in Bangladesh-based RAK Paints,” reported Busine...
Shardul acts for TPG on sale of Healthium to Apax
The deal pertains to Apax Partners’ acquisition of Healthium Medtech from its existing private equity owners TPG Growth, which holds 73%, homegrown PE firm CX Partners and founding shareholders, according to reports . Shardul Amarchand Mangaldas & Co advised TPG Growth III Sf Pte Ltd led by a v...
SAM acts on $33m Zensar buy of Cynosure IT services firm
“RPG Group-owned Zensar Technologies has acquired Cynosure for $33 million as it looks to deepen its offerings and expand in the US market, where firms are looking to shed legacy technology and adopt platforms to improve their service. Cynosure is a US IT services firm that focuses on mid-tier and s...
SAM acts for Byju in $27m October 2018 round
“Online tutoring start-up Byju’s valuation has reached $2 billion following a $100 million investment by private equity player General Atlantic India in a single tranche for a 5 per cent stake sources aware of the deal confirmed. The transaction marks GA’s first investment in the education space,” r...
SAM acts on $62m Grofers Series E from Softbank
“Gurgaon-based online grocery startup Grofers India Pvt. Ltd has raised Rs 400 crore (around $62 million) in a Series E round led by existing investor Japanese Internet conglomerate SoftBank,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Grofers led by a team of partner Puja Son...
SAM acts Exide Industries sale of Gujarat factory to Tudor Indi
“Industrial and automotive battery maker Exide Industries Ltd on Monday announced it had reached an agreement with Tudor India Pvt Ltd to acquire its factory in Gujarat at an undisclosed price that is expected to be less than Rs25 crore,” reported Mint . Shardul Amarchand Mangaldas & Co advised...
Shardul acts on deal for Tata Advanced Systems Limited
“As part of the ongoing consolidation being done across Tata Group companies, Tata Motors Ltd will sell its Defence business to Tata Advanced Systems Ltd (TASL). This will not include the pure civilian vehicles which will continue to be with Tata Motors,” reported Hindu Business Line . Shardul Amarc...
SAM acts for PayTM, which gobbles up Noida health start-up QorQL
“Digital wallet firm Paytm, owned by One97 Communications Ltd, has invested an undisclosed amount in Noida-based health-tech startup QorQL, a statement said,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised One97 Communications Limited , which owns Paytm , led by a team of partner ...
SAM acts for Paytm on Cube25 AI start-up
“Paytm Has Acquired Cube26 To Work Towards Building Special Engagement Features On The Application” reported Inc42 . Shardul Amarchand Mangaldas & Co advised One97 Communications Limited , the parent company of Paytm , led by a team of partner Raghubir Menon ; partner Ekta Gupta ; associate Adi...
KNM acts on buy of Sage Metals by Delos Capital
The shareholders of Sage Metals Limited have transferred shares aggregating to 90% to a New York based private equity firm, Delos Capital, as reported by VCCircle . KNM & Partners advised Sage Metals Limited led by a team of senior partners Mukesh Kumar and Rakesh Gupta . 2018-03-01 {incomplete...
KNM on $58m JM Financials loan to Gaursons companies
JM Financial Products Limited and JM Financial Credit Solutions Limited, both non-banking financial companies, have issued four loans to the Gaursons Group of companies. KNM & Partners advised JM Financials led by a team of senior partner Rakesh Gupta ; principal associate Tanuj Hazari . This d...
KNM acts on $11m financing by Piramal into Noida Fest Homes project
PHL Finvest Limited, a non-banking financial company, provided financial assistance to the extent of up to Rs. 75 crores to Fest Homes a LG Group Entity for a real estate project in Noida. KNM & Partners advised PHL Finvest Limited , a Piramal Group , led by a team of senior partner Rakesh Gupt...
KNM acts on $40m Piramal Capital finance into ATS Noida real estate project
Piramal capital and Housing Finance Limited, a non-banking financial company has provided financial assistance to the extent of up to Rs. 275 crores to ATS Heights Private Limited for a real estate project in Noida. KNM & Partners advised Piramal Capital and Housing Finance Limited led by a tea...