Alpha Partners

"Milestone Commercial Advantage Fund made its first investment in June in The Capital, a commercial building in Mumbai’s Bandra-Kurla Complex," reported the Economic Times.

Alpha Partners, the boutique started in 2012 in Noida by former SRGR lawyer Akshat Pande, demerged from Seth Dua Associates (SDA) on 1 April after a full year of operating as SDA’s Noida office.

Alpha Partners advised online grocery service Mera Grocer on its acquisition by the hypermarket chain Spencer’s Retail which was advised by Khaitan & Co.

Alpha Delhi partner Akshat Pande acted for the Omnipresent Retail-owned Mera Grocer which currently operates in Gurgaon and some Delhi neighbourhoods.

Khaitan Mumbai partner Ashish Razdan, executive director Daksha Baxi, senior associates Alok Sonker, Shabnam Shaikh and Surajkumar Shetty, principal associate Shailendra Bhandare and associates Sunayana Bose, Abir Sarkar and Alisha Ganjawala acted for the RP-Sanjiv Goenka Group-owned multi-format retailer Spencer’s Retail.

Mera Grocer earns only Rs 5 crore in annual revenue but Spencer’s bought it less for its size and more for its robust information technology platform, reported Mint.

Alpha Partners, the corporate and intellectual property boutique started up in 2012 by former SRGR Law Offices lawyer Akshat Pande with Videocon group in-houser Ankit Prakash, opened its second national office and its first outside the Delhi area, in Bangalore.

Deals round-up of more than a dozen recent instructions.