Best of deals, including three exclusive venture capital/private equity deals featuring DSK, Sand Hill, Induslaw, Khaitan and Nishith Desai, as well as a banking, M&A and projects wrap.

Venture capital

Sand Hill Counsel partner Anand Kumar and associate Nisha Mallik represented Onward Mobility Solutions Private Limited in its Series A financing by IndoUS Venture Partners and Qualcomm Ventures. IndoUs Venture Partners was represented by Induslaw partner Satya Sree Akella and associate Abhishek Singla while Qualcomm was represented by Khaitan & Co partner Pooja Patel. [VCCircle]

Sand Hill Counsel partner Anand Kumar and associate Rashi Saraf represented Next Leap Career Solutions Private Limited in its Series A financing by Nirvana Venture Advisors represented by Nishith Desai Associates. [VCCircle]

DSK Legal partner Raksha Kothari and senior associate Tushar Raut and associate Sumeet Singh have advised Aditya Birla Capital Advisors, the private equity arm of the Aditya Birla Financial Services Group, in its debut investment of Rs 40 crore in water and wastewater treatment company SMS Paryavaran. [VCCircle]

Banking

Khaitan & Co partner Shishir Mehta advised ICICI Bank and the syndicate banks in the Rs 1,800 crore ($392m) term loan to steel producer Jayaswal Neco Industries, which would use the funds to integrate its backward integration of steel manufacturing.

M&A

Amarchand Mangaldas principal associates Nisha Uberoi, Anubhuti Agarwal and senior associate Natashaa Shroff, with chartered accountants Sudith K Parekh & Co, advised Japanese-owned NHK Automotive Components India’s Rs 180.5 crore purchase of the BCL Springs Division of Wadia Group company Bombay Burmah Trading Corporation, which was advised by Udwadia & Udeshi. The deal remains subject to competition law clearance. [ET]

Projects

KS Partners (formerly known as Khaitan Jayakar Sud & Vohra (KJSV)) partner Tanuj Sud, with senior associate Sujeet Das and associate Jayant Gupta advised on the 1980MW (3x660MW), coal-based supercritical thermal power project at District Lalitpur, Uttar Pradesh with a project cost of Rs 11,848 crore, engaged by the State Bank of India-led consortium of 19 lenders.

MMB Legal partners Mahesh Madan Bhat and Talha Salaria and associate Ajay Prasad advised Infrastructure India on its second round of investment in Shree Maheshwar Hydel Power Corporation. [VCCircle]

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