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Veritas helps Leela Venture hotels sell out to SAM client Brookfield for $576m

“Brookfield inks pact to acquire Leela hotels for $576 mn: Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire,” reported VCCircle.

Veritas Legal advised Hotel Leelaventure Limited and its promoters led by a team of partners Abhijit Joshi and Kunal Doshi, with senior associate Kanisha Vora, associate Vyoma Mehta and paralegal Shyamolie Parikh. The real estate leg of the transaction was led by partner Vineet Nalawalla, with associates Tejas Shah, Nainaaz Irani and Varun Marwah.

Shardul Amarchand Mangaldas partner Jay Gandhi was advising Brookfield.

Cleary Gottlieb Steen & Hamilton also advised Brookfield.


Deal value: Rs 3,950 crore to the target

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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