Japan’s Fuji Electric Co., Ltd. on Thursday said it has entered into an agreement to acquire 100% stake in Consul Neowatt Power Solutions Pvt Ltd (CNPS), a maker of uninterruptible power supply (UPS) systems. Fuji is acquiring the company from private equity investor Peepul Capital, which owned the company through its third fund, and other individual shareholders. — Mint

L&L Partners advised seller Peepul Capital led by a team of partner Rohan Shah and associate Sakshi Khare.

Shardul Amarchand Mangaldas and Anderson Mori & Tomotsune advised Fuji Electric.

2019-08-30

Deal value: INR 7200 million

{incomplete}