“To further expand its market position in the water management business, NORMA Group signed an agreement to acquire Kimplas Piping Systems Ltd. (“Kimplas”) on April 6, 2018. Kimplas is a leading Indian manufacturer of joining technology made of thermoplastic materials. The parties agreed on NORMA Gr...

“Reliance Industries Limited has agreed to buy majority stake of 72.69% in the artificial intelligence (AI)-based education platform Indiavidual Learning Pvt Ltd (“Embibe”) from existing investors,” reported The Hindu . AZB & Partners advised Reliance Industries Limited led by a team of partner...

“Centum Electronics Ltd has signed Share Purchase Agreement (SPA) with Rakon Limited for the sale of entire 51% stake held by the company in Centum Rakon India Private Limited.The consideration to be received for the sale transaction is US$ 5.50 million,” reported Equitybulls . AZB & Partners a...

“Surya Children’s Medicare Pvt Ltd, which runs a paediatric hospital under the brand Surya Child Care, has raised ₹ 200 crore from SeaLink Capital Partners (SCP), a mid-market investment firm,” reported Mint . AZB & Partners advised SeaLink Capital Partners led by a team of partner Vaidhyanadha...

“Hinduja National Power Corp., part of the Hinduja Group, has acquired Kiran Energy Solar Power for around Rs1,000 crore, two people close to the development have said,” reported Mint . AZB & Partners advised Kiran Energy Solar Power Private Limited , led by a team of partner Sai Krishna Bharat...

“IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched the Bharat Inclusion Initiative ,with a commitment of $25 million from The Bill and Melinda Gates Foundation, Omidyar Network and Michael and Susan Dell Foundation. The initiative will focus on incubating and...

“A consortium of Kedaara Capital and Partners Group is set to buy retailer Vishal Mega Mart for Rs5,000 crore, two people directly involved in the transaction said,” reported Mint . AZB & Partners advised the seller TPG Capital Asia and Vishal Mega Mart Private Limited led by a team of partners...

“Private equity investor Kohlberg Kravis Roberts and Co (KKR) exited Kolkata-based nonbanking finance company Magma Fincorp through a block deal. KKR had sold a large part in April when Magma Fincorp raised funds through a QIP,” reported The Economic Times . AZB & Partners advised KKR led by a ...

“The wealth management arm of IIFL Holdings Ltd has decided to raise Rs 745.71 crore (about $110 million) from a clutch of investors including Hong Kong-based Ward Ferry and existing private equity backer General Atlantic,” reported VCCircle . AZB & Partners advised WF Asian Reconnaissance Fund...

“LeapFrog Acquires Majority Stake in Ascent Meditech, a Leading Indian Medical Products Company,” according to a press release.

AZB & Partners advised Leapfrog Investments led by a team of partners Srinath Dasari and lawyers Gautam Rego.

2018-06-15

Deal value: Not disclosed

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“Krishna Institute of Medical Sciences (KIMS Hospitals) announced today global growth equity firm General Atlantic has invested over USD 130 million, in a combination of primary capital and secondary purchases, to acquire a significant minority stake in the company,” reported Business Standard . AZB...

“On 26th June, 2018 [ITI] has … [agreed to a] transfer of all equity shares of ITI Reinsurance Limited (Subsidiary) to Go Digit Infoworks Services Private Limited,” reported Hindu Business Line . AZB & Partners advised Go Digit Infoworks Services Private Limited (formerly known as Oben Services...

“Online beauty retailer Nykaa has raised ₹75 crore (above $11 million) in its latest round of funding, valuing the six-year-old company at ₹3,000 crore, according to three people familiar with the development,” reported The Economic Times . AZB & Partners advised FSN E-Commerce Ventures Private...

“Reliance Brands pipped FirstCry.com to acquire the rights to operate stores of UK-based kids products company Mothercare in India. The deal will give the unit of Reliance Industries control over all Mothercare outlets currently run by DLF Brands, according to three people aware of the matter,” repo...

“Buyout firm Bain Capital has reached an agreement to buy pharmaceutical joint-venture of Dutch chemicals firm Royal DSM NV and China’s Sinochem Group,” reported Bloomberg . “Singapore-based DSP develops and sells antibiotics, statins and anti-fungals as well as pharmaceutical ingredients, according...

“Reliance Industries (RIL) will acquire Nasdaq-listed telecom solutions provider Radisys Corp. for about $75 million (Rs 510 crore ) in cash, for a further push into Internet of Things (IoT) and 5G through its telecom arm, Reliance Jio Infocomm,” reported The Economic Times . AZB & Partners adv...

“First Meridian, an HR investment platform of private equity firm Samara Capital, Goldman Sachs and Janchor Partners, has made its first acquisitions of staffing firms Innovsource Services and V5 Global Services for an undisclosed amount, Manish Mehta, managing director of the PE company, told VCCir...

“A recent amendment to India’s bankruptcy law has helped billionaire Mukesh Ambani’s Reliance Industries Ltd win approval from a lenders panel on a ₹5,050-crore resolution plan it had submitted jointly with JM Financial Asset Reconstruction Co Ltd for the debt-laden textile company Alok Industries L...

“Sterlite Technologies on Friday said that one of its subsidiaries will acquire Metallurgica Bresciana, a European specialised optical cable manufacturer, for €47 million in an all-cash deal,” reported Hindu Business Line . AZB & Partners advised Sterlite Technologies Limited and Sterlite Italy...

“United Motors Lanka PLC (UML) yesterday announced that it sold its entire stake in TVS Lanka (Private) Limited to the TVS parent company in India for Rs 1 billion. In a filing to the Colombo Stock Exchange, UML said it sold 17.5 million shares in TVS Lanka, representing a 50 percent stake, to TV Su...