Corporate

Trilegal, SAM act on China Ctrip’s mega buy-swap of e-travel giant MakeMyTrip with Naspers

“China’s largest online travel agency now owns nearly half of India’s largest travel e-portal, MakeMyTrip, after a share-swap deal with South African internet giant Naspers Ltd,” reported Mint . Trilegal advised Naspers led by partner Yogesh Singh . National competition practice head and partner Nis...

KT acts on $12.7m Texmaco Rail slump buy of Simplex Castings

“Texmaco Rail and Engineering Ltd on Friday said its board has approved the acquisition of a steel casting foundry of manufacturing company Simplex Castings Ltd,” reported VCCircle about the slump sale. KT Advisors advised Texmaco Rail & Engineering Limited led by a team of managing partner Kal...

Link Legal acts for GAIL on $695.7m buy of ILFS wind energy portfolio

“In its first asset sale since going bust last year, Infrastructure Leasing and Financial Services Ltd (IL&FS) on Monday said it has agreed to sell its 874 megawatts (MW) operational wind energy portfolio to state-run gas utility GAIL (India) Ltd for ₹4,800 crore. The sale will close in three w...

PDS, Watsons, Clydes act on Sun Packaging Systems sale to Thai Plastic

Shareholders of UAE-company Sun Packaging Systems (FZC) have sold a majority stake to Thai Plastic and Packaging Public Company Limited, giving the company a toehold in the UAE, according to a Thai news report . PDS Legal advised Sun Packaging Systems (FZC) and its shareholders led by a team of part...

Phoenix, Platinum, FF act on France’s Cooper Standard sale to Continental

Cooper-Standard France SAS divested Cooper Standard’s anti-vibration systems (AVS) business to ContiTech USA Inc (a division of Continental AG), which involved the transfer of Cooper-Standard France SAS’ equity interest in a joint venture company in India, according to the company’s press release . ...

Vertices promotes 2 associate partners, hires NovoJuris PE-VC associate partner Sohini Mandal

Three-year-old firm Vertices Partners has promoted two senior associates to associate partner and has laterally hired one associate partner, according to the firm’s press release.

DSK co-founder Kishanchandani starts Pioneer with 4 partners, Four Seasons office, plans to expand to 80+, Delhi, Bgl

DSK co-founding partner Satish Kishanchandani’s start-up is now live as Pioneer Legal in Mumbai, coming out of the gate with a partner promotion, a headcount of 20 fee-earners, 4 partners and plans for national expansion.

SAM homegrown first-gen disputes partner Surjendu Sankar Das goes indie for AOR, lit practice [UPDATE-1]

Shardul Amarchand Mangaldas Delhi disputes partner Surjendu Sankar Das is going independent to set up a Supreme Court advocate-on-record and arbitration practice.

Sidleys Singapore’s Rishabh Gupta (NLS 2010) returns to India as JSA associate partner

J Sagar Associates (JSA) has hired Rishabh Gupta as a retained partner in its private equity, corporate and securities practices.

Dua promotes 2 to equity, 4 to salaried partnership

D ua Associates has promoted two partners to equity and four to salaried partnership, reported Bar & Bench . New equity partners Jaspreet Sareen - Gurgaon (corporate) Hetal Thakore - Mumbai (disputes) New salaried partners Chitranshul Sinha - Delhi (disputes) Kapil Mahajan - Gurgaon (corporate)...

K Law splinter cell Anoma Legal celebrates 1st birthday by growing to 12 partners with 5 promotions in 3 offices

Anoma Legal, the firm started in May 2018, by an exodus of seven partners from K Law, has promoted five of its principal associates to partner level:Anisha Jayaram – Bangalore (corporate / PE)Aparnaa Bhalotia – Mumbai (corporate / debt)Apeksha Amin – Mumbai (real estate)Arjun Sharma – Bangalore (corporate / pe)Natasha Rao – Bangalore (commercial / corporate)

Shardul Amarchand Bangalore PE/VC partner Siddharth Nair resigns (Roshan Thomas stays) • UPDATE: Resignation not (yet) accepted

Shardul Amarchand Mangaldas (SAM) Bangalore private equity (PE) and venture capital (VC) partner Siddharth Nair has resigned, we understand from sources.

After month at Bombay bar, ex-ELP partner Anay Banhatti joins DMD as tax partner

Former Economic Laws Practice (ELP) partner Anay Banhatti, whom we had reported went independent at the Bombay bar in March, has joined DMD Advocates as a tax partner in its Mumbai office.

HSA’s Amitabh Sharma ends 3-year tenure as managing partner while Sahai works overtime to steady ship post DSK exits

Amitabh Sharma, the managing partner of HSA Advocates who had joined in April 2016 from Khaitan & Co, has laid down his management duties at the firm.

CAM acts on $17.2m ex-Myntra start-up Mfine investment by Stellaris, Novocura

“Mfine, a new on-demand doctor consultation start-up by two former Myntra executives, has raised $1.5 million from venture capital firm Stellaris Venture Partners”, according to Mint . Cyril Amarchand Mangaldas advised Stellaris Venture Partners India I and Novocura Tech Health Services Private Limi...

Phoenix, SAM act on $110m investment in L&T Infra Debt by Apis

“Private equity fund Apis has picked up a 25.1 per cent stake in L&T Infra Debt Fund for $110 million, giving the L&T Finance Holdings arm access to low-cost global funds to refinance infrastructure projects in India,” reported ET . Phoenix Legal advised Apis Partners led by a team of part...

Trilegal, SAM, Khaitan act on $462m buy of Essel Propack by Blackstone with Simpsons, Bakers

US private equity major Blackstone has proposed acquiring a majority stake in Indian packaging company Essel Propack Ltd (EPL) for an amount up-to ?3,211 crore (approximately $462 million), according to Bloomberg . Trilegal advised Blackstone led by a team of partners Nishant Parikh and Anirudh Agar...

NDA, ELP act on India JV between Germany’s Karl Mayer, Rabatex, ATE

Karl Mayer, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named Karl Mayer Textile Machinery India Private Limited, will be majority owned and controlled by Karl M...

IDFC/GIP legal head Vinod Joseph latest to joins Argus as partner in continuing corporate boost

Argus Partners has continued its steady hiring policy and bulked up its Mumbai corporate and private equity practice with Global Infrastructured Partners (GIP) India legal counsel Vinod Joseph.

AMSS, NLS alum, entrepreneur Gauri Manglik joins investment behemoth Softbank in part-India-facing role

Former (long-time-ago) Amarchand Mangaldas senior associate and 2003 NLSIU Bangalore graduate Gauri Manglik has joined Japanese-headquartered private equity powerhouse Softbank Group International as corporate counsel in San Carlos, in California’s Silicon Valley.