2 Lexygen PEs with AZB, Luthra | SNG, Amarchand on TDI City | AZB, LG on $151m GIC Greenko buy & more
6 deals spanning private equity and high finance with Amarchand, AZB, Lexygen, Luthra, KSP, SNG…
Sino-Singaporean joint venture law firm Dacheng Wong Alliance’s India practice advised on Singaporean e-waste company Enviro-Hub Holdings' (EHH) Rs 110 crore ($20m) sale of its subsidiary to Indian IT company Cerebra Integrated Technologies.
Former Lexygen Singapore partner Yang Yen Thaw alongside fellow Dacheng India co-head and managing principal Aloysius Wee, and senior associate Richa Chaturvedi acted for the Bangalore-based Cerebra, which bought EHH's wholly-owned Singaporean subsidiary Cimelia Resource Recovery.
Consultancy firm Grant Thornton India advised on the financial aspects of the deal. Yang Yen Thaw said no Indian firms acted on the deal.
With this deal Cerebra would become one of the first global Indian multinational companies in the area of electronics and electrical equipment (WEEE) waste, an industry estimated at around $20 billion currently, according to Business Standard.
- Category: Private equity / VC
- Published on Fri, 8 Feb '13, 11:56
- Written by Prachi Shrivastava
Exclusive: Lexygen advised India-focused private equity (PE) fund Zephyr Peacock India and Singapore-based PE fund Credence Partners in their Rs 90 crore ($17m) joint investment in Singapore-based logistics company 20Cube. 20Cube was advised by Singapore law firm Alliance LLC.
Lexygen partner Prashant Kataria with associates Amit Vyas, Vishnu Chandran and Aayushi Sharma acted for Zephyr and Credence on Indian law, as well as on leading the global due diligence assisted by Singapore law firm LawAsia senior associate Vincent Bu and Australian law firm Holding Redlich partner Darren Pereira.
The documentation was headed by Singapore law firm Kelvin Chia Partnership partner Andrew Lai.
Alliance LLC director Stanley Gan acted for the Chennai-headquartered international transportation and contract logistics provider 20Cube which has a presence in India, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Australia, UAE and Uganda.
Zephyr and Credence will pick up a minority stake in 20Cube, and Mint reported that this 12th investment by Zephyr into India, was its first ever in the logistics sector.
This deal marks this year’s second investment in a logistics company, according to the Economic Times, which yesterday reported that India’s logistics market is estimated at over $100bn with a growth rate of 20 per cent. According to ET, General Atlantic’s $104m investment in Fourcee Infrastructure in January 2012, was one of the largest PE investment in two years.
Private equity boutique Lexygen’s former Singapore partner Yang Yen Thaw, who left in December 2011, has joined Chinese firm Dacheng Wong Alliance LLP as co-head of its India practice from Singapore.
Exclusive: AZB & Partners and J Sagar Associates (JSA) have advised India’s sixth largest IT firm Patni Computer Systems that was bought by Apax Partners-backed iGate for $1.22bn, which drafted in Khaitan & Co and Kirkland & Ellis as legal advisers.
Lexygen and Linklaters advised a Carlyle Group-led consortium of the losing bidders, where Amarchand Mangaldas is understood to have provided the advice to the bid’s merchant banks.
Private equity boutique Lexygen has taken on Yang Yen-Thaw, the Bangalore-based founder of Yang Lawyers, as a partner to relocate to its one-year-old Singapore office.
Davis Polk, J Sagar Associates (JSA), Lexygen and a raft of overseas firms have advised on the Morgan Stanley-led consortium's $425m (Rs 1,900 crore) investment in Indian power company Asian Genco.
Are you dreaming of becoming the next Zia? India is the world's only major legal market where you can still do more than just dream.
Legally India has asked more than a dozen legal entrepreneurs for their advice on how to live that dream.
"If you feel if you are not able to achieve what you want in larger firms with larger brand names, there is enough work to sustain and flourish when you set up on your own," claims Lex Counsel's co-founder Dimpy Mohanty.
Private equity boutique firm Lexygen has opened a new office in Singapore, on its third anniversary of founding.
Two lawyers from Lexygen's Bangalore headquarters have temporarily relocated to Singapore and are hoping to recruit a local lawyer to head the office within the next six months.
Lexygen founding partner Vijay Sambamurthi said: "We aim for our Singapore office and the team that will be built, to act as the Asia hub for our firm."