Corporate

GameChanger, Trilegal get $1m pre-Series A for Leverage Ed-Tech from Blume, DSG

“DSG Consumer, Blume lead investment in higher education platform Leverage Edu: Higher-education and career-growth platform Leverage Edu said it has raised over $1 million (Rs 7 crore) in its pre-Series A round,” reported VCCircle . GameChanger Law Advisors advised Leverage Ed-Tech Private Limited l...

HSA, SullCrom, Simpsons act on $2bn Altran acquisition of Aricent Tech from 2017

“Aricent acquired by Altran Group in a $2Bn all-cash deal - ETtech: Aricent has 10,500 employees, of which 8,500 are located in India. It generated revenues of $687M for the twelve month period up to June 2017,” reported The Economic Times . HSA Advocates advised Altran led by a team of partners: Sh...

Link Legal assists on Taiwan’s Kymco JV with Haryana electric scooter maker Twenty Two Motors

Link Legal team led by Partner Anuj Trivedi and Senior Associate Sanya Haider advised Kwang Yang Motor Co. Ltd, or Kymco on its entry into Indian market. KYMCO is one of the global leading powersports brands and pioneers the industry’s first smart energy bay. Twenty Two Motors is an electric scooter...

HSA, Majmudar act on $15m purchase by Eternis Fine Chemicals of AIMS Impex

“Rajen Mariwala of Marico family acquires AIMS Impex: Eternis Fine Chemicals, a company founded by Rajen Mariwala of the Marico family, has acquired AIMS Impex for an undisclosed sum,” reported Mint . HSA Advocates advised Eternis Fine Chemicals led by a team of senior partner: partner Aparajit Bhat...

HSA hired Kochhar partner Jivesh Chandrayan as corporate partner last year

HSA Advocates had hired Kochhar & Co partner Jivesh Chandrayan as Delhi partner in May 2018 in corporate.

Top Mumbai partnership Federal Rashmikant dissolves: Founder partners start separate firms [UPDATE-1]

Top Mumbai litigation and real estate solicitors partnership Federal & Rashmikant has officially dissolved on 1 January 2019, as we had first reported in June 2018.

SAM for Fractal Analytics on $200m cash injection by AZB-advised PE fund Apax, with Lathams, Kirkland, NDA, Trilegal, Veritas

“Apax Funds invests $200 million in Fractal Analytics: The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million,” reported Mint . Shardul Amarchand Mangaldas advised Fractal Analytics Private Limited, a provider of artificial intelligence and analytics so...

HSA, CAM act on $23.5m Hero Electric Vehicles investment from Alpha Capital

“Electric scooter maker Hero Electric has raised ?160 crore from Mumbai-based Alpha Capital to build its second factory, develop new products and expand dealer network on hopes that local demand for its eco-friendly products will nearly double in the next few years, said a top company executive,” re...

HSA digs 4 port trusts’ buy of Dredging Corp from GOI, with Link Legal

Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal Nehru Port Trust and Deendayal Port Trust have in principle agreed to acquire 100% of the Government of India’s shares in Dredging Corporation of India Limited for a 73.47% of total shareholding. “Four major ports sign MoU to buy government...

Veyrah helps Naspers-OLX buy SAM-client Aasaanjobs portal

“OLX buys VC-backed recruitment portal Aasaanjobs: Naspers-backed online classifieds OLX has acquired online hiring marketplace Aasaanjobs Pvt. Ltd for an undisclosed amount,” reported VCCircle . Veyrah Law advised Naspers - OLX Group led by a team of partner Ajay Joseph , and associates Anshul Pand...

Khaitan advises L&T Infotech on $7.48m buy of Ruletronics

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and eastern India, and can produce 300,000 pairs of footwear a day,” reported Business Standard . Khaitan &#x...

Veritas, CAM, P&A, AZB steer Samara-Amazon $590m acquisition of Birla More supermarket through choppy waters, CCI

“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint . “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for ...

Lawyers assist in India’s ambitious new drone regulations, despite tech & first-mover problems

The Government of India has taken the second step on Tuesday in its revolutionary policies that could make the commercial usage of drones in India a reality, though teething problems have delayed implementation of the first policy so far and larger question marks remain about the best way of regulating a technology that countries the world over are still grappling with.

Nalsar ‘08 alum Manish Aggarwal gets partnership at global lit disrupter Three Crowns LLP

Nalsar Hyderabad 2008 alumnus Manish Aggarwal has become partner at top global arbitration start-up boutique Three Crowns LLP in London, having joined the firm from Allen & Overy (A&O) as a senior associate just after it had set up in 2014.

AZB assists Nykaa on $15.8m investment by Luthra’s Lighthouse

“Lighthouse invests $15.8m for minority stake in Nykaa, TVS Shriram exits: Earlier this year, Nykaa had raised Rs 160 crore through primary and secondary share sale with the participation of existing investors for growth capital and to expand retail footprint,” reported Dealstreetasia . AZB & P...

AZB, SAM act on $19.5m Rabo investment in LT Foods, Nature-Bio Foods

“Rabo Equity Advisors invest Rs 140 crore in LT Food’s organic business: Rabo Equity had also infused $10 million in LT Foods, the listed parent of NBFL in 2009,” reported Mint . AZB & Partners advised LT Foods Limited and Nature-Bio Foods Limited led by a team of partners Daksh Trivedi and law...

AZB acts on $88m TPG investment in RR Kabel

“TPG, a global alternative asset firm, announced on Thursday that it has acquired a significant minority stake in R R Kabel Limited, one of the leading building wires and low-voltage cables manufacturers in India, the investor said in a statement. The PE firm is investing over Rs 6 billion, accordin...

Khaitan, Luthra assist Aqualite shoes on $35.5m VC investment by Lighthouse

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard . Khaitan ...

AZB acts on TCS buy in London design studio W12

“TCS makes first digital acquisition with design studio W12. Tata Consultancy Services said it acquired design company W12 Studios for an undisclosed sum, the Indian technology leader’s first digital buyout that should help the country’s most valuable company get a bigger share of the global digital...

AZB, ELP, D&D K Law act on Samara $78.5m buy of IEP’s Spoton Logistics

Express logistics company Spoton has been acquired by a consortium of investors led by homegrown private equity fund Samara Capital and Xponentia Fund Partners for Rs 550 crore in cash. Spoton’s acquisition is a part of Samara’s plan to create a retail ecosystem that the Mauritius-based PE firm woul...