sand hill counsel

  • 24 September 2014

    Deals in brief: Semi-mysterious $2.7bn Cognizant US M&A with NDA | €730m Alstom-Triton | Everything else that’s been happening in corporate deal world

    Deals in briefDeals in briefRead on for the hottest M&As, fundraisings and financings of the fortnight.

  • 02 June 2014

    Sand Hill, ALMT merge TimesDeal with CouponDunia

    Sand Hill Counsel advised media giant Times of India group’s digital product company Times Internet in buying a majority stake in India’s largest digital coupon marketplace Coupondunia, which was advised by ALMT Legal.

  • 09 January 2014

    JSA scores Facebook’s first Indian buy opposite Sand Hill & CA firm [& Vishnu Jerome]

    Facebook likes Little EyeFacebook likes Little EyeJ Sagar Associates (JSA) won the mandate to represent long-standing client Facebook on its first Indian acquisition, in its buy of Bangalore-based mobile software analytics company Little Eye Labs for around $15m, which was advised by a local CA firm.

  • 09 September 2011

    7 deals in brief: VC specialist action, Amarchand-Udwadia M&A, $392m ICICI loan, and more…

    imageimageBest of deals, including three exclusive venture capital/private equity deals featuring DSK, Sand Hill, Induslaw, Khaitan and Nishith Desai, as well as a banking, M&A and projects wrap.

  • 21 May 2010

    Niche focus gifts start-up Sand Hill two PE education deal roles opposite AZB, JSA, Wadia Ghandy

    Young private equity boutique Sand Hill Counsel has closed two private equity (PE) deals in the education sector for US-based venture capital firm Foundation Capital opposite AZB & Partners, J Sagar Associates (JSA) and Wadia Ghandy.

    The firm led by partners Shantanu Surpure and Anand Kumar along with associates Nischal Reddy and Rashi Saraf acted  for clients Foundation Capital in the acquisition of a minority stake in an education services firm Aspire Human Capital for nearly Rs 20 crores.

    JSA partner Lalit Kumar advised Aspire which provides training in communication skills and spoken English and will utilise the funds raised for further expansion in other cities.

    On the other deal, Surpure and Kumar assisted by associates Nisha Mallik and Varun Shah helped Foundation Capital infuse fresh funding of Rs 40 crores in Mumbai based Tree House that runs elementary schools.

    AZB partner Abhijit Joshi and associate Pooja Garg acted for existing investor Matrix Partners in this latest round of funding that totalled Rs 100 crores.

    Tree House's promoters were represented by Wadia Ghandy.

    "Since January 2010, the education sector in India witnessed Rs 624.75 crore investments across eight deals. Of these, six were in PE, while the rest were in VC stage," reported financial news portal VC Circle.

    Both deals were completed earlier this month.
  • 25 January 2010

    Trio of firms on C Series VC

    computer-tower-innards_by_A-Belanicomputer-tower-innards_by_A-BelaniMumbai boutique firm Sand Hill Counsel and the Bangalore offices of Induslaw Advocates and Nishith Desai & Associates (NDA) have assisted IT customer support services provider iYogi in raising $15m of venture capital (VC) funding to expand its team of global tech experts.
    Computer innardsComputer innardsMumbai boutique firm Sand Hill Counsel and the Bangalore offices of Induslaw Advocates and Nishith Desai & Associates (NDA) have assisted IT customer support services provider iYogi in raising $15m of venture capital (VC) funding to expand its team of global tech experts.

    Venture capital firm Draper Fisher Jurvetson (DFJ) along with investors Canaan Partners, SAP Ventures and SVB India Capital Partners invested in iYogi through the latest Series C round of funding.

    The Sand Hill team consisting of partners Shantanu Surpure and Anand Kumar and associate Nischal Reddy acted as company counsel for iYogi. The firm had earlier advised the company in Series B funding of 2008.

    Induslaw, which on 1 January 2010 rebranded itself from Indus G&D, advised US based DFJ to lend $9m out of a total of $15m in this fund raising. Induslaw partners Suneeth Katarki and Avimukt Dar and senior associate Avik Karmakar led the DFJ legal team on the deal.

    NDA senior associate Amrita Singh and associate Yamini Dwarkanath assisted SVB India Capital Partners Fund and in-house legal counsel acted on behalf of SAP Ventures.

    Sand Hill's Kumar told Legally India: "It was a Series C funding and iYogi is doing pretty well. The parent company is based out of Mauritius and its subsidiary is in Gurgaon India and iYogi has a subsidiary in the US also."

    We acted for the company in Series B funding also, he said. "The negotiations done in Series B were revised as per Series C terms and conditions and last month we closed the deal."

    Gurgaon, India headquartered iYogi is computer repair and technical support provider for consumer and small businesses in United States, United Kingdom and Canada.

    The company claims to be the fastest growing on-demand consumer tech services company having 300 per cent growth in revenues and subscribers since 2008. It intends to grow its current workforce of 1,200 employees to 3,000 by 2010.
    Photo by A Belani
  • 23 October 2009

    Boutiques advise on new media VC, expect revival of early stage deals

    iphone-videoiphone-videoThakker & Thakker and venture capital (VC) boutique law firms Sand Hill Counsel and Menon Associates have advised on the series A investment into a Hyderabad mobile TV start-up, giving several angel investors a partial exit.
    iphone-videoiphone-videoThakker & Thakker and venture capital (VC) boutique law firms Sand Hill Counsel and Menon Associates have advised on the series A investment into a Hyderabad mobile TV start-up, giving several angel investors a partial exit.

    Venture capital firms IDG Ventures and Qualcomm Ventures invested $3m in Apalya Technologies, which aggregates entertainment content and optimises them for display on small screens and mobile phones.

    Sand Hill is a two-year old Mumbai niche start-up with an office in the Silicon Valley and advised the company Apalya.

    Founding partner Shantanu Surpure led the team and said: "During the downturn a lot of early stage slowed down and a lot of funds became ultra cautious and moved up the chain [outside of the early stage].

    He added that there were probably only five to ten early-stage funds left but this deal exemplified that a come-back may be possible.

    Surpure is a member of the angel investors network Mumbai Angels, which had invested Rs 2 crore in the company in 2008 with some investors having now exited in this series A round.

    Bangalore-based seven-year old boutique firm Menon Associates and its founding partner Satish Menon advised the VC fund IDG Ventures.

    He said: "I think it's picking up – there's been a lot of movement since April at least when we saw a little bit of a lull but now it's really come back into speed."

    Menon explained that smaller firms could compete very effectively in the lower-tier VC space "The biggest problem with the larger law firms is they are very costly in terms of their transaction."

    He added that many larger Bangalore firms would allocate smaller deals to junior lawyers, who had less of a grasp of the business perspective and issues.

    Thakker & Thakker managing partner Bijesh Thakker and recently promoted partner Anisha Patnaik led the deal for the firm's regular client Qualcomm Ventures.

    Sand Hill is a venture capital and private equity boutique of seven lawyers, including two partners and one associate partner based in the US. It is headquartered in Mumbai's Worli area, where Trilegal's current office is based until it will move to nearby Lower Parel next month.

    Sand Hill practices both US and Indian law.

    Menon Associates is a five-lawyer boutique operating in the same field out of Bangalore. It is headed up by Menon who was previously the general counsel at IT company Wipro.

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