European publishing giant enters India with Associated Law Advisers, Khaitan gets close to HDFC’s new investment banking head, and more…

Associated Law Advisers partner Lira Goswami and senior partner OP Bhardwaj advised Europe’s largest publisher Gruner + Jahr International Magazines on its 78.75 stake purchase in MaXposure Media Group India.

Universal Legal partner Kavitha Vijay advised Chennai-based e-publisher Newgen Knowledge Works on its $21.5m investment by Aureos South Asia Fund and ePlanet Capital advised by Desai & Diwanji partner Amit Khansaheb. Carlyle exited its 2004 investment, advised by AZB Bangalore partner Srinath Dasari.

Khaitan & Co partner Shishir Mehta advised HDFC Bank on its $170m rupee acquisition finance loan to Aditya Birla Chemicals, which bought the Chloro-Chemical Division of Kanoria Chemicals & Industries. Aditya Birla used its in-house team for legal advice while HDFC’s new head of investment banking Rakesh Singh headed up the deal.

Trilegal partner Charndeep Kaur, senior associate Rachika Sahay and associate Parthasarathi Jha advised Dutch company Sim Industries that set up an Indian joint venture with Seven Hills to carry out flight simulator training. No other law firm advised on the JV, according to a firm spokesperson.

Khaitan & Co partner Haigreve Khaitan and associate partner Nishant K Singh assisted Finnish private equity fund Sentica Partners on the due diligence of its 67 per cent stake buy in Finland companies Citec Information and Citec Engineering. Asianajotoimisto White & Case Oy led international advice for Sentico.

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