SoftBank is set to invest $400 million for an over 40% stake in BrainBees Solutions, which owns and operates omni-channel baby and mother care product retailer FirstCry, according to three people aware of the development. The Tokyo-headquartered investment giant, which has been scouting for fresh investments in Asia’s third-largest economy following its $4-billion exit from Flipkart last year, has been in talks with the FirstCry leadership for a few months, sources said.“The deal was signed earlier this week and is likely to close by the month-end,” one of the people cited above told ET. — The Economic Times

AZB & Partners advised SoftBank Vision Fund led by a team of partners Vinati Kastia, and associates Siddharth Sawhney, Anant Dang, Aman Jain and Sourya Donkada.

2018-12-21

Deal value: $400m / INR 28300m

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