Legasis Partners advised Visionary Financepeer Private on its $3.7m fundraise, led by partner Apurv Sardeshmukh , senior associate Mugdha Joshi and associates Aanchal Lamba and Vaishnavi Bhat . 2018-06-04 Deal value: $3.7m This deal has not been reported by any mainstream media outlets at the time o...

“Piramal Capital and Housing Finance … financed three projects adding up to around ₹ 1,500 crore in the National Capital Region (NCR), the company’s managing director said. The Mumbai-based firm, part of the Piramal group, has invested ₹ 400 crore in various projects of ATS Infrastructure Ltd in Noi...

“Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of ₹ 45.85 trillion and ₹ 15.8 trillion resp...

“Multi-asset manager IDFC Alternatives Ltd has agreed to sell its infrastructure asset management business to US-based private equity firm Global Infrastructure Partners (GIP),” reported VCCircle . Khaitan & Co advised IDFC Alternatives led by partners Siddharth Shah and Sameer Sah , senior ass...

“Emami has acquired German personal care brand Creme 21, which is large in the Middle-East, according to a company release. While the company did not share the deal value, Emami said the brand has been acquired at less than 1.5 times of its sales of Euro 8m,” reported the Economic Times . Khaitan &#...

“IDFC and Mirae Entities along with: (a) Nexus Ventures IV, Ltd.; and (b) Other Investors have subscribed to Series B compulsorily convertible preference shares and common equity shares issued by Zolostays forming minority shareholding of Zolostays on a fully diluted basis,” reported Inc42 . Khaitan...

“Ireland-based Ingersoll-Rand PLC has agreed to acquire Precision Flow Systems, which provides various pumps and other fluid management products, from funds advised by BC partners Advisors LP and The Carlyle Group ,” reported Houston Business Journal . Khaitan & Co advised Ingersoll Rand led by...

“Technology consulting and digital solutions firm Larsen & Toubro Infotech (LTI) announced that it has signed a definitive agreement to acquire [German company] NIELSEN+PARTNER (N+P) for $31.6m including earnouts and at a FY18 revenue multiple of about 3.2x,” reported the Economic Times . Khait...

“Kolkata-based Aashiyaan Housing & Development Finance Pvt. Ltd, which is yet to start housing finance for low-income families, said it has raised around $2 million (Rs 13.5 crore) in a seed round led by foreign social-impact investors Insitor and The Netherlands-based Oikocredit. The firm, yet...

“Bengaluru-based organic, ready-to-cook processed food startup, YCook has raised $5 Mn in a Series B round of funding from Binny Bansal backed venture capital firm, 021 Capital and Netherlands-based impact fund Oikocredit,” reported Inc42 . Rajani Associates advised Oikocredit Ecumenical Development...

“DeHaat, an online marketplace for farm products and services, said it has raised ₹30 crore in a funding round led by impact investor Omnivore. US-based agriculture investor AgFunder and several angel investors too participated in the pre-series A round,” reported Mint . Desai & Diwanji advised...

“Fosun has invested in personal finance venture Perk Finance, which focuses on offering short-term and small-ticket loans to salaried professionals in small and medium enterprises to meet their monthly expenses. Based on a consumer’s payment record, the company will also look to sell a variety of fi...

Reliance Jio Infocomm Limited has proposed restructuring / reorganising the business of Reliance Jio Infocomm Limited through a composite scheme of arrangement amongst Reliance Jio Infocomm Limited and Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited and their respective s...

Canada-based Ag Growth International Inc has acquired 100% of the shares outstanding of Indian company Milltec Machinery Limited for $109.5m, plus up to $38.4m based on attaining future financial goals. The transaction was funded by AGI’s revolving credit facility,” reported the company about the sa...

“Elara Technologies, which owns Housing.com, PropTiger, and Makaan.com, has acquired Gurugam-based rental brokerage platform FastFox to foray into online-to-offline home rentals. FastFox was valued at just under Rs 100 crores at the time of the transaction, the company said in a statement,” reported...

“Micro-delivery startup, Milkbasket, has raised $7 million as part of its Series A funding round led by Mayfield Advisors, the company said on Tuesday. Existing investors, including Kalaari Capital, Unilever Ventures and Beenext Pte Ltd, also participated in the round,” reported Mint . Joycelaw advi...

“The Chinese investor [Fosun] has also backed Gurgaon-based content platform Mylo […],” reported The Economic Times.

Joycelaw advised Mylo led by a team of founding partner Deepak Joyce.

Desai Diwanji acted for Fosun, led by partner Siddharth Mody.

2018-10-01

Deal value: US $1m

{incomplete}

Sterling & Wilson Private Limited, “SWPL has agreed to acquire 100% of share capital of Unitech Power Transmission Ltd, a wholly owned subsidiary of Unitech Ltd, according to reports . Cyril Amarchand Mangaldas advised Sterling & Wilson Private Limited led by a team of partner Santosh Jana...

“INTERCONTINENTAL HOTELS Group (IHG) has signed a management agreement with Indroyal Hospitality Services Pvt Ltd for Crowne Plaza Amaravati. The 300 rooms hotel will be the first IHG hotel in the city and is expected to be operational by 2024,” reported Businessworld . Cyril Amarchand Mangaldas adv...

“The Weir Group PLC (‘Weir’ or ‘The Group’) is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment firm focused exclusively on energy, for an Enterprise Value of £275m,” reported the company . Cyril ...