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JSA, S&R act on $220.5m Advent, Temasek 8.7% exit from Crompton Greaves CE

PE firms Advent International Corp’s Amalfiaco and Temasek’s MacRitchie Investments Pte Ltd sold 8.77% in CG Consumer for ₹1631 crore in an open market transaction on Tuesday.


Advent and Temasek collectively sold 8.75% shares of Crompton Greaves for an aggregate consideration of approximately Rs. 1631.08 crores. This is the second liquidity event for both investments firms from Crompton Greaves Consumer which makes products ranging from fans, light sources and luminaires, pumps and household appliances such as geysers, air coolers, mixer grinders, toasters, irons and electric lanterns.

J Sagar Associates (JSA) advised Advent International and Temasek led by a team of partners Vikram Raghani and Bir Bahadur Singh Sachar and senior associate Abhilash Chandran.

We understand from sources that S&R Associates acted as the Indian lawyers for Citigroup.


Deal value: Rs. 1631.08 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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