Nishith Desai Associates advised global investment firm Goldman Sachs on its Rs 400 crore investment in India’s largest consumer-durables equipment maker Amber Enterprises. Amber was advised by Vaish Associates.
Vaish Delhi partner Satwinder Singh and senior associate Varnika Sharma acted for Amber.
NDA Delhi partner Rajesh Simhan and senior associate Ankit Mishra acted for Goldmans.
Goldman will buy a 34 per cent stake in Amber, from its existing investor Fairwinds Private Equity, and will also about 15 pe cent from Amber’s promoters, reported Mint.
Correction: The originally published version of this story had mixed up the parties. We regret the error.
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Elated to announce that I along with my team at Vaish Associates Advocates advised Amber Enterprises India P. Ltd (Amber) in a transaction wherein Goldman Sachs (GS) will acquire nearly 49% of the paid up equity share capital of Amber. Vide this transaction, GS will give an exit to Reliance Alternative Investments Fund –PE Scheme-I (acting through Fairwinds Trustees Services P. Ltd) by acquiring its 34% stake in Amber's equity share capital, & will acquire additional 14-15% stake in Amber over the next 3 years. The deal size was over Rs. 200 cr.
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