Phoenix Legal and Tatva Legal have advised on the global catering and onboard services provider Gategroup’s 74 per cent stake take-over of India’s leading airline catering company Skygourmet, which is valued at $92m.
Gategroup was represented by Tatva Legal partners Shishir Sharma and Simran Singh and associate Seher Ali.
Phoenix Legal advised India Hospitality Corporation (IHC) which owned Skygourmet Catering, with Mumbai partner Sawant Singh leading the transaction along with associates Akanksha Midha and Raghuveer Sarathy.
IHC was also advised by the London office Travers Smith partner Spencer Summerfield and US-based Proskauer Rose partner Jeffrey A Horwitz.
Singh said that he had been representing IHC for a few years now in India, with the original referral having come to him from Proskauer Rose.
The deal was announced yesterday and implies an enterprise value for the whole of Skygourmet of approximately $92m. The companies have entered into a joint venture under which IHC would retain 26 per cent of its existing shares in Skygourmet as per a shareholder agreement.
Skygourmet is a leader in airline catering in India with a production capacity of more than 110,000 meals per day and has catering facilities at all six of India’s major airports.
Photo by Debarka Banik
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some suggestions:
1)lawyers in movies, journalism etc
2) lawyers in the army
3) lawyers doing philanthropy
4) lawyers as entrepreneurs, including Kian. Tell us your story.
5) human rights, NGOs
a lot of young lawyers are getting sick of the corruption and nepotism in law firms and pursuing other fields. after all, law is a very versatile degree. LI has done some off-beat stories but very few. You should do more such stories and make people aware that there are other things lawyers can do except M&A deals. a lot of NLU grads are doing unconventional things. why not cover that? it is very disturbing that bright NLU students are being conditioned into thinking that their sole aim in life should be to concentrate in corporate law and work as a slave for a [...] money-hungry [...] slob named (insert law firm owner name here).
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