2 Lexygen PEs with AZB, Luthra | SNG, Amarchand on TDI City | AZB, LG on $151m GIC Greenko buy & more

Exclusive
Tuesday, 26 March 2013 By Legally India Deals in brief

The rest of the week's deals in one package
The rest of the week's deals in one package

6 deals spanning private equity and high finance with Amarchand, AZB, Lexygen, Luthra, KSP, SNG…

Private equity

Exclusive: TA Associates and Westbridge Crossover Fund bought shares in healthcare company Dr Lal’s Pathlabs for $45m [Livemint] Dr Lal: Luthra & Luthra Delhi partner Bobby Chandioke with associates Geetika Panwar and Rashmi Gogoi. TA Associates: Lexygen partner Vijay Sambamurthi and associate Neelima Kumar. Westbridge: AZB & Partners Delhi partner Gautam Saha with associates Sachin Mehta and Asha Kutty.

Exclusive: Private equity funds Harbourvest and Axiom Asia Private Capital purchased the entire Asian private equity portfolio from Credit Suisse institution Harbourvest & Axiom: Lexygen partner Vijay Sambamurthi and associates Amit Vyas and Prateek Lala with Kirkland & Ellis Hong Kong partner Michel Debolt acting as international counsel Credit Suisse: Debevoise & Plimpton Hong Kong partner Andrew Ostrognai acted for the sellers.

The Government of Singapore Investment Corporation GIC will buy around £151m (Rs 820 crore) of shares in Greenko Mauritius [Telegraph] GIC: AZB & Partners partner Alka Nalavadi and associate Aditya Jhaveri, with Norton Rose Singapore partner Daniel Yong. Greenko: Lawrence Graham London partner Sunil Kakkad.

Finance

Exclusive: TDI Group has raised Rs 110 crores for its TDI City integrated township development of 1,240 acres in Kundli, Haryana, from Kotak Realty Fund [ET] Kotak: SNG & Partners Delhi partner Amit Aggarwal, principal associate Saroj Pandey, senior associate Rahul Sud and associate Aayushi Anand TDI: Amarchand Mangaldas Delhi partner Inder Mohan Singh

Bhushan Steel borrowed Rs 1,000 crore from State Bank of India (SBI) for its long-term working capital requirement SBI: Khaitan Sud and Partners principal associate Sujeet Das, senior associate Priyadarshi Debashis Satapathy and associate Henna Vadhera Bhushan: In-house

Debt capital markets

Air India issued Rs 7,400 crores of listed, redeemable unsecured, taxable, non-convertible debentures, supported by the Indian government in late 2012, with the deal’s trust deed executed on 17 February 2013. Air India: Amarchand Mangaldas Mumbai corporate partner Tushar Mavani

If you would like your deals included in future deals round-ups, please send us an email at with details of the transaction and lead partners.

Photo by lemonhalf

AZB & PartnersLexygenSNG & PartnersKhaitan Sud & PartnersAmarchand MangaldasLuthra & LuthraL&L Partners

Comments

Ravi 27 Mar 2013, 00:57
+2 -0
Good to see PE activity picking up and good to see relatively newer firms doing good deals. Cheers.
Lexygen 27 Mar 2013, 20:53
+1 -1
Amazing... It's difficult to balance baby sitting and doing PE deals... Bravo....
Anonymous 28 Mar 2013, 13:16
+1 -0
Where the PE firms being baby sat by the law firm?
KKR 27 Mar 2013, 23:29
+1 -0
Actually Air India issue of debentures is a classic case of making a mountain of a molehill for promotional purposes. Despite the steep amount, the debentures were issued to Govt of India and as such there was little to no work for AMSS as the GOI dictated all the terms and the company is practically on a lifeline. Maybe LI should have a lawyer vet these reports before publishing them, to fish out these fishy ones.
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