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DSK, Kanga on Indium V buy of deGustibus after deGustibus PE with IVFA

DSK Legal advised Indium V (Mauritius) Holdings on buying approximately 75 per cent stake in hospitality chain deGustibus Hospitality which was advised by Kanga & Co. DSK Legal also advised India Value Fund Advisors (IVFA), which is raising $700m for Indium V, in its $30m infusion into deGustibus.

DSK co-founding partner Satish Kishanchandani, manager Pritha Jha and senior associate Kumar Kartikeya Prakash acted for Indium V and for IVFA.

Kanga partner Bhoumik Vaidya acted for deGustibus which owns and operates food and beverage brands like Indig, Indigo Deli, Neel, Tote on the Turf & Moveable Feast, will build India’s leading restaurant franchise in Mumbai and Delhi with IVFA, reported the Business Standard.

The Indium V, which was launched in November 2014, is a sector-agnostic fund focussed on mid market companies, and raised $500m by April this year, reported the Business Standard.

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