•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Start-ups Alliance & Vichar bag Rs 100 cr Japanese chemicals M&A with Jones Day

Start-ups: Better living through chemistry
Start-ups: Better living through chemistry

Chennai-based start-up Vichar Partners has advised Sree Ramcides Chemicals on its Yen 1,495 million (Rs 98 crore) acquisition by Japanese company SDS Biotech KK, which was advised by Alliance Legal and Jones Day.

Vichar co-founder Aarthi Sivanandh, together with associates Lavanya Kirthivasan and Deepthi Agheda advised the target company and its promoters.

“Metis, the family office advisors based in Chennai, requested our assistance on this transaction,” explained Sivanandh about the origin of the instruction.

Alliance co-founding partner Ravi Kumar with associates Siddharth Sharma and Mini Kapoor acted for the Japanese company, which has agreed to acquire 65 per cent of the Chennai company by January 2013, reported the Times of India.

Jones Day Tokyo partner Eric Sedlak provided non-Indian law advice to SDS.

It is understood that Jones Day had referred the instruction to Alliance, whose three co-founders are currently in the process of separating, Legally India reported last week.

The exiting Sree Ramcides private equity investor, ePlanet Ventures, instructed Bangalore-headquartered firm Narasappa Doraswamy & Raja partner Siddharth Raja.

Image by James Vaughan

Click to show 4 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.