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Four top Indian, 1 Japanese firm roll out Hero Honda $851m JV exit

AZB & Partners, Desai & Diwanji, J Sagar Associates (JSA), Khaitan & Co and Japanese law firm Nagashima Ohno & Tsunematsu have advised on Hero Investments’ acquisition of Honda Motors’s 26 per cent stake in joint venture Hero Honda Motors for $851 million.

Khaitan & Co director Ketan Kothari and Nagashima Ohno & Tsunematsu partner Soichiro Uno represented Honda Motors as the company’s Indian and Japanese legal counsel respectively.

JSA founding partner Jyoti Sagar and partner Venkatesh Prasad acted for the Hero Group.

Desai & Diwanji and AZB & Partners meanwhile acted for the Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital respectively on their investments in Hero Investments to fund the deal. GIC invested $260m.

The Desai Diwanji team consisted of Mumbai partners Vishwang Desai and Vihang Virkar and associate partner Shyam Pandya while AZB’s Delhi-based partner Anil Kasturi led for Bain.

The deal marks the Japanese automaker’s exit from its Indian joint venture Hero Honda after 26 years of dominance as India’s largest manufacturers of motorcycles, according to VC Circle.

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Like +0 Object -0 Anonymous guest 24 Mar 11, 06:33
what does "Four top Indian, 1 Japanese firm" mean?
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Like +0 Object -0 Anonymous guest 24 Mar 11, 20:54
The great amarchand is missing on all big deals. Wonder how Azb manages all top deals - they really know how to close big deals.
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Like +0 Object -0 Anonymous guest 24 Mar 11, 21:48
Desai Diwanji is the name to watch out for in the very near future...
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Like +0 Object -0 Anonymous guest 26 Mar 11, 12:50
I have worked with Shyam Pandya... He is one of the most transaction focused lawyers I have come across... Any of his clients would vouch for it...
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Like +0 Object -0 Anonymous guest 26 Mar 11, 14:33
So how much did Bain invest?
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Like +0 Object -0 Anonymous guest 26 Mar 11, 14:37
Is this PE deal bigger than Patni
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Like +0 Object -0 Anonymous guest 26 Mar 11, 20:59
@6 - Patni deal size was USD 1.2 billion
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