“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...

“Boston, Massachusetts-based TA Associates has picked up a significant minority stake in infertility treatment provider Indira IVF, the global growth private equity firm said on Monday,” reported Mint . Pioneer Legal advised TA Associates led by a team of associate Althea Pereira , counsel Anupam Sh...

“Micro-delivery startup, Milkbasket, has raised $7 million as part of its Series A funding round led by Mayfield Advisors, the company said on Tuesday. Existing investors, including Kalaari Capital, Unilever Ventures and Beenext Pte Ltd, also participated in the round,” reported Mint . Joycelaw advi...

“Brookfield inks pact to acquire Leela hotels for $576 mn: Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire,” reported VCCircle . Veritas Legal advised Hotel Leelaventure Limited and its promoters led by a team of par...

“Tirumala buys Prabhat’s dairy business for Rs 1,700 crore: Tirumala Milk Products, south India’s second-largest player in the industry, has agreed to buy the dairy business of Navi Mumbai-based Prabhat for over Rs 1,700 crore, which will leave the latter to focus on its animal nutrition segment. Pr...

“Apax Funds invests $200 million in Fractal Analytics: The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million,” reported Mint . Shardul Amarchand Mangaldas advised Fractal Analytics Private Limited, a provider of artificial intelligence and analytics so...

“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint . “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for ...

“PE-backed dialysis chain NephroPlus acquires DaVita Care India: Dialysis chain NephroPlus Health Services Pvt. Ltd has acquired DaVita Care India Pvt. Ltd, marking another consolidation activity,” reported VCCircle . AZB & Partners advised DaVita Care Pte Ltd led by a team of partners Srinath ...

“TPG subsidiary raises $50 million from Temasek: TPG said there are more facilities in the pipeline for both CTSI and Motherhood,” reported The Economic Times . Veritas Legal advised TPG Growth and Asia Healthcare Holdings Pte Ltd led by a team of partner Nandish Vyas and associate Saumya Kakar . Th...

“Private equity firm True North (formerly known as India Value Fund Advisors) has inked a deal to buy Glenmark Pharmaceuticals Ltd’s orthopaedic and pain management business in India and Nepal, valuing the business at Rs 635 crore ($90 million), the drugmaker said. Glenmark did not disclose if it wo...

Roquette Asia Pacific Pte. Ltd acquired the entire equity stake (100%) of Sayaji Sethness Limited from Sethness Products Company and its nominees, according to a BSE filing . Veritas Legal advised Clients Roquette Asia Pacific Pte. Ltd led by a team of partner Abhijit Joshi , partner Tushar Raut , s...

“The Indian unit of Finnish packaging company Huhtamaki will acquire Ajanta Packaging (India) for Rs 100.3 crore ($15.5 million) in an all-cash deal,” according to VCCircle . Veritas Legal advised Huhtamaki PPL Limited led by a team of partner Tushar Raut , senior associate Somrita Chatterji , and a...

Recipharm acquired the remaining 26% stake of NLL from its existing shareholders in 2 stages. The first stage for a cash consideration, has been completed on 2 January 2018. The second stage for the acquisition of the balance of the share capital of NLL is proposed to be completed during the first h...

Delightful Gourmet, which operates Licious, a food brand in the meat and seafood category, has raised $25m of Series C funding from German media conglomerate’s investment arm Bertelsmann India Investments and Vertex Ventures Southeast Asia and India, along with UCLA and existing investors Mayfield I...

“Private equity firm True North has acquired a 75% stake in Ban Labs Pvt. Ltd, the owner of the Sesa Hair Oil brand, for about Rs 700 crore, said a person familiar with the matter,” Mint . J Sagar Associates (JSA) advised the promoters of Ban Labs Private Limited (BLPL), led by partner Sidharrth Sha...

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.

“Glenmark Pharmaceuticals said it has entered into a collaboration with private equity firm True North for its orthopaedic and pain management business for India and Nepal market. Under this collaboration, Glenmark’s orthopaedic and pain management business, valued at Rs 635 crore, will be transferr...

“Bigtree Entertainment Pvt. Ltd, which owns and operates BookMyShow, an online entertainment ticketing platform, has raised $100 million in Series D funding from investors led by TPG Growth,” reported Mint . Shardul Amarchand Mangaldas advised Bigtree Entertainment-owned Bookmyshow and its promoters...

Veritas Legal has promoted 2015-lateral hire Vineet Nalawalla to partner, growing the firm to tp;;7 partners.

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.