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 would require if it is successful in acquiring the More supermarket chain from Aditya Birla Group, said a person familiar with the firm’s strategy.

— The Economic Times

AZB & Partners advised India Equity Partners (IEP) led by a team of partners Sai Krishna Bharathan and lawyers Shivani Kabra , Pallavi Satpute, Ambika Khanna.

Update 09 June 2019: Economic Laws Practice (ELP) advised Samara Capital and Samara Alternate Investment Fund led by a team of partner Darshan Upadhyay, associate partner Amruta Kelkar, associate Sreshtha Goyal.

Desai Diwanji acted for Xponentia Fund Partners.

K Law acted for Piramal Capital and Housing Finance Limited.

2018-07-31

Deal value: Rs 550 crore ($78.5m)

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