Corporate

Juris Corp opens in Chennai, with Islamic banking expert Hufriz Wadia

Hufriz photo
Hufriz photo
Juris Corp will open an office in Chennai next week after former Wadia Ghandy associate Hufriz Wadia, who is the sister of long-time Mumbai partner Hoshedar Wadia, joined the firm as partner two weeks ago.

Luthra axes 7% Tree House equity for Aditya Birla and Omidyar PE Funds

Luthra & Luthra advised India’s largest pre-schools’ operator Tree House Education and Accessories in preferentially allotting its equity shares for Rs 81.25 crore ($15m) to Aditya Birla Private Equity – Sunrise Fund (ABPESF) and Omidyar Network (ON) Mauritius and warrants to promoters, which were advised in-house.

Desai & Diwanji restocks post-Khansaheb Delhi office with 5 partner promos

desai-Diwanji-Rachna-Jain
desai-Diwanji-Rachna-Jain
Desai & Diwanji has promoted five associate partners to salaried partner level in the National Capital Region (NCR) following the recent loss of its office head and up to eight associates in Delhi.

Amarchand, D&D top M&A 2012 rankings, Luthra finds brief mention riding on $10.5bn Vedanta

Amarchand Mangaldas topped the 2012 mergers and acquisitions (M&A) India rankings released by data provider mergermarket, in terms of advising on the biggest value M&As in 2012. In terms of the total number of M&A deals advised on, Amarchand was runners up to third-time leader Desai & Diwanji.

Phoenix, JSA bring home US Clearwater’s Rs 100 cr to Ramprastha housing group

Phoenix Legal advised old-client real estate company Ramprastha group in Cyprus-incorporated investor Clearwater Capital Partners’ (CCP) Rs 100 crore ($18m) investment into it. CCP was advised by J Sagar Associates (JSA).

Khaitan, Clifford Chance knit Chinese Jiangsu's $537m buy of Swiss Oerlikon, with Freshfields

Khaitan & Co and Clifford Chance advised Chinese textile machinery manufacturing company Jiangsu Jinsheng in its CHF 500m or Rs 2,940 crore ($537m) buy of the textile components business of Swiss engineering company Oerlikon which was advised by Freshfields Bruckhaus Deringer.

Amarchand holds #1, Link Legal pushes Luthra to #3 in Projects, with overall dry 2012

Road works
Road works
Exclusive: Amarchand Mangaldas has held fort as project finance leader for the second consecutive year since replacing Luthra & Luthra in 2011 at the top of the top 10, according to data provided by Dealogic. 10 front-runners this year produced less than half of the total projects revenue docketed in 2011.

Ex-AZB’s Vineetha MG completes first deal in her new Mumbai start-up V Chambers

Vineetha-MG
Vineetha-MG
Vineetha MG, who left AZB & Partners late last year to start up her own Mumbai firm, which now numbers seven lawyers, has completed her first financing deal.

Instructions: Bharti $766m share sale: Amss-Luthra,Links-Milbank | CARE Rs 540 cr IPO: Amss-Luthra | Temasek S’pore-Godrej: JSA | PNB-MetLife: Amss-Tatva | PNB $2bn BharatPetro: AZB | SBI $300m Hinduja: Amss-Crawford & more…

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Amarchand Mangaldas acts on a hoard of financings, while Luthra & Luthra sticks to the markets. Also in this deal round-up: JSA, Crawford, Tatva, AZB, Kochhar, Desai & Diwanji, Trilegal, Linklaters, Clifford Chance, Jones Day, Allen & Overy, Milbank, and other foreign firms..

Consultancy BMR forges into M&A legal advice with Desai & Diwanji’s Amit Khansaheb

Butani: Pleased with the acquisition
Butani: Pleased with the acquisition
Desai & Diwanji Delhi partner Amit Khansaheb, who had been with the firm for 18 years, has joined BMR Legal – the legal services arm of consultancy firm BMR Advisors – as a partner in order to ramp up the firm’s M&A and private equity legal practice.

Kochhar & Co partner Bidan Chandran migrates to PDS for bigger banking deals

Bidan Chandran-Partner, PDS & Associates
Bidan Chandran-Partner, PDS & Associates
Former Kochhar & Co partner of just over five months, Bidan Chandran, has joined PDS & Associates as partner to develop the banking and finance practice of the corporate commercial and dispute resolution firm.

Pangea3 MD Antony Alex resigns, joins Rainmaker

antony-alex
antony-alex
Two years after Thomson Reuters bought legal process outsourcing (LPO) company Pangea3, a managing director who’s been with the company for seven years, Antony Alex, has joined legal industry services provider Rainmaker.

Instructions: RRB-Boutique Indo-Thai hotels: Amss-AZB | Rs 2000 cr IndusInd QIP: Crawford-S&R | Rs 600 cr PC Jewellers IPO: AMSS-S&R | SBI, ICICI Rs 1600 cr CDR: KhaiCo | Hospira-Orchid at CCI: Khaico

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Amarchand, AZB, Khaitan, Crawford Bayley and S&R Associates wrap up the last five deals of 2012..

Link Legal merges with projects boutique ILS to bolster Mumbai

link-legal-atul-sharma
link-legal-atul-sharma
Link Legal fully merged with project finance boutique India Law Services (ILS) in December to form Link Legal – India Law Services with 14 partners and 73 lawyers, to strengthen its Mumbai practice.

2 DSK Legal PEs: $181m biggest health fundraising with Tatva & 1 more with Desai & Diwanji and R&A

DSK Legal advised India Value Fund Advisors’ (IVFA) trustee IVF Trustee Company in its Rs 1000 crore ($181m) investment in Bangalore-based Manipal Health Enterprises which was advised by Tatva Legal.

JSA second-time for Info Edge PE and German glass maker buy this year, with Desai & Diwanji, BMR

J Sagar Associates (JSA) advised online classifieds business Info Edge in its private equity investment, and German glass maker Gerresheimer Glas GmbH in its acquisition, for the second-time this year. Info Edge invested Rs 5 crore ($9,06,455) for a 25 per cent stake in portal Happily Unmarried, whi...

Sidharth Bhasin gets nod to partnership at Shearmans

Shearmans-Sidharth-Bhasin
Shearmans-Sidharth-Bhasin
Shearman & Sterling has promoted Hong Kong-based M&A counsel and India co-head Sidharth Bhasin to its partnership.

AZB on old-client Honeywell’s $25m SEBI-compliant OFS, Amarchand, Herbies for broker

AZB & Partners advised veteran client diversified technology and manufacturing major Honeywell Asia Pacific in its Rs 130 crore ($25m) sale of 6.24 per cent stake in its subsidiary Honeywell Automation India in an offer for sale through the stock exchange (OFS). Amarchand Mangaldas and Herbert ...

DSK Legal, Desai & Diwanji on $72m Indo-Swiss road-making JV, with Luther LLP

DSK Legal, with German law firm Luther LLP, advised Switzerland-based road construction equipment maker Ammann group in its Rs 280 crore ($51m) buy of 70 per cent equity in Gujarat’s Apollo group’s road-equipment business. Apollo was advised by Desai & Diwanji. DSK Legal Mumbai partners Raksha ...

Clifford Chance London partner Sumesh Sawhney to join Jones Day | CC claims 115 deals this year

sumesh_sawney
sumesh_sawney
Clifford Chance India group partner and Amarchand Mangaldas alumnus Sumesh Sawhney has resigned to join Jones Day in London.