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Khaitan, Luthra assist Aqualite shoes on $35.5m VC investment by Lighthouse

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard.

Khaitan & Co acted for Aqualite Industries Private Limited led by a team of partner Bharat Anand, principal associate Pashupati Nath, senior associate Sanchit Agarwal and associate Nikita Bhuwania. The diligence aspects were handled by associate Arpita Maheshwari and associate Ishita Mishra.

L&L Partners advised Lighthouse Funds led by a team of partners Amit Shetye and Rohan Shah.

Deal value: INR 250 crore

2018-12-24

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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