Mass exodus: K Law poaches Link Legal partners Ajay Sawhney, Gautham Srinivas & team of 10 to kick off in Delhi
Link Legal partners Ajay Sawhney and Gautham Srinivas and their team of associates will be joining Krishnamurthy and Co with their team, according to three authoritative sources.
Deals round-up of more than a dozen recent instructions.
- Category: Private equity / VC
- Published on Thu, 19 Sep '13, 18:10
- Written by Prachi Shrivastava
Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC's India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Udwadia Udeshi & Argus Partners.
Khaitan & Co former indirect tax executive director Manish Mishra joined Link Legal - India Law Services as a partner on Monday.
Link Legal advised Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and the Government of India in raising funding from public sector lender Japan Bank of International Corporation (JBIC). JBIC was advised by Indian Law Partners and Ashurst.
Amarchand top, Luthra 2nd, as Khaitan & Co makes first league table appearance in years.
AZB & Partners advised India-focused infrastructure fund Macquarie SBI in its Rs 206 crore ($40m) buy of 74 per cent equity in the GMR group’s road project GMR Jadcherla Expressways (GJEL). GMR was advised by Link Legal.
AZB & Partners Mumbai co-founding partner Bahram Vakil, with senior associate Qais Jamal, acted for Macquarie SBI, which expanded its road portfolio. Macquarie SBI had two years ago invested in GMR infrastructure’s airport subsidiary, as reported in Mint at the time.
Link Legal Delhi corporate partner Anand Srivastava and senior associate Milind Jha acted for the GMR group, which is operating the Farukhnagar-Jadcherla highway in Andhra Pradesh under a concession agreement signed with the National Highway Authority of India, according to a GMR press release.
Exclusive: Amarchand Mangaldas has held fort as project finance leader for the second consecutive year since replacing Luthra & Luthra in 2011 at the top of the top 10, according to data provided by Dealogic. 10 front-runners this year produced less than half of the total projects revenue docketed in 2011.
Link Legal fully merged with project finance boutique India Law Services (ILS) in December to form Link Legal – India Law Services with 14 partners and 73 lawyers, to strengthen its Mumbai practice.
Instructions: Hershey choc: Amarchand-Trilegal | Earth Water: DSK-NDA | NDTV double cricket | IFC-Equitas: AZB-Vichar | E-payments: Universal-Dua & more…
Trilegal, Amarchand Mangaldas, Singh & Singh, Link Legal, AZB & Partners, Vichar Partners, Universal Legal, Dua Associates, DSK Legal, White & Case, Nishith Desai & Associates, Desai & Diwanji, and more in the latest top instructions for law firms and lawyers…
Exclusive: Link Legal pipped last year’s leader Amarchand Mangaldas at the top of the 2012-half-year Dealogic project finance rankings, reporting seven deals worth Rs 27,106 crore ($4.9bn).
20+ deals in brief: NUJS lit grad for IA stewardess, Welspun, Treves, Pinberry, OneAssist, China Ming Yang, Wellknown Polyesters, NYLIM, EPC Industrie & more
Corporate M&As continued to buttress law firm activity, while one NUJS graduate sweated it out with a high profile Delhi high court case. Khaitan & Co also kept busy in finance and capital markets, and projects and private equity proved solid.
Exclusive: Amarchand and Mangaldas has replaced last year’s project finance leader Luthra & Luthra to secure the top rank among India’s 10 highest cap project deal firms in 2011, according to data provider Dealogic.
Amarchand Mangaldas has taken an early lead in the 2011 Indian first quarter project finance rankings, racking up higher deal values than both Link Legal and last year’s busiest firm Luthra & Luthra combined, followed by Trilegal and Fox Mandal.
Trilegal and Link Legal have advised power producer Caparo Energy’s $ 1.28bn contract for supply of wind power projects equipment with India’s largest turbine manufacturers Suzlon India.
Exclusive: Link Legal has absorbed top-ranked mid-market capital markets boutique Zenith India Lawyers, with erstwhile Zenith managing partner Raj Rani Bhalla relocating from Gurgaon to the young Mumbai office to increase growth.
Link Legal has promoted senior associate Ajay Sawhney to partnership in its corporate and aviation practice and has hired a senior associate projects lawyer from in-house.