JSA, Khaitan, Ashurst sell $34m BLP Energy to Italian Enel Green

Thursday, 8 October 2015 By Prachi Shrivastava Corporate M&A

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy.

JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP

Khaitan Mumbai partner Joy Jacob and Ashurst Singapore partner Keith McGuire acted for Enel.

This year US-based SunEdison and First Solar, Russia’s OAO Rosneft, China’s Trina Solar, Japan’s SoftBank and Taiwan’s Foxconn Technology have either invested or evaluated investing in the Indian renewables sector, reported Mint.

J Sagar Associates (JSA)Khaitan & CoAshurst

Comments

Headline 9 Oct 2015, 08:09
+1 -0
The headline and body are contradictory. Who acquired whom?
Renewable 9 Oct 2015, 08:42
+0 -0
Great deal! Congratulations to both the teams!
Chikoo 9 Oct 2015, 11:45
+0 -0
Good going Srikant!
?? 10 Oct 2015, 07:12
+0 -0
Reporting is wrong. Acquisition was the other way around!
Lawyers changed 10 Oct 2015, 20:33
+1 -0
Apparently Khaitan are no longer acting for BLP and Enel. Should they take credit for the deal then at all then?
Guest 12 Oct 2015, 04:10
+0 -0
Enel acquired BLP.
MNK 12 Oct 2015, 04:34
+1 -0
KCO stopped acting for them as BLP does not believe in paying its advisors after the work is done. All smooth talk and no substance.
Guest 13 Oct 2015, 04:58
+0 -0
Time Pass (TP)
Commenting is closed for this article.