Corporate M&A
Corporate M&A
IndusLaw has advised Bangalore-based IT consulting company ASM Technologies on its complete buy-out of US company Abacus Business Solutions which had drafted in Californian firm Pacific Law Group in an all-cash purchase.
Corporate M&A
Luthra & Luthra has advised Indian multiplex owner PVR Cinemas on its collaboration with Canadian entertainment technology company IMAX Corporation to install and maintain state-of-the-art IMAX theatre systems, which was advised by Agarwal Jetley & Company.
Corporate M&A
Amarchand Mangaldas and P&A Law Offices have advised on the buy-out of Mumbai-based Smartlink Network’s cabling systems business Digilink by French company Schneider Electricals for Rs 503 crore ($115m).
Corporate M&A
Crawford Bayley & Co has advised construction company CNH Global NV on the full buy-out of Larsen & Toubro’s (L&T’s) stake in joint venture partnership L&T-CASE Equipment for around Rs 200 crore ($45m).
Corporate M&A
Khaitan & Co, Platinum Partners and Freshfields Bruckhaus Deringer have advised on a majority stake acquisition of Mumbai-based agrochemicals company Devidayal Sales by Japanese Arysta LifeScience.
Corporate M&A
Khaitan & Co and Trilegal have advised on US-based International Paper’s 53 per cent acquisition of Andhra Pradesh Paper Mills (APPM) for $247m in cash along with $62m as seller’s non-compete fee.
Corporate M&A
AZB & Partners’ Mumbai and Delhi offices advised on both sides of the financial services joint venture between India’s largest private sector enterprise Reliance Industries and US investment group D E Shaw with Debevoise & Plimpton and Covington & Burling.
Corporate M&A
AZB & Partners, J Sagar Associates (JSA) and Sullivan & Cromwell have advised on Goldman Sachs’s complete acquisition of Indian asset management company Benchmark Asset for a reported Rs 130 crore to expand its foothold in the six trillion rupee Indian fund management industry.
Corporate M&A
Khaitan & Co advised longstanding clients Leighton International in divesting its its stake in Oriental Pathways to target infrastructure development activities with joint venture partner Welspun, which in December of last year bought a 35 per cent stake of Leighton’s Indian unit for Rs 470 crore.
Corporate M&A
AZB & Partners, Desai & Diwanji, J Sagar Associates (JSA), Khaitan & Co and Japanese law firm Nagashima Ohno & Tsunematsu have advised on Hero Investments’ acquisition of Honda Motors’s 26 per cent stake in joint venture Hero Honda Motors for $851 million.
Corporate M&A
Amarchand Mangaldas and AZB & Partners have advised on Tata-owned Indian Hotels’ minority stake sale in subsidiary Roots Corporation to Singapore-based Omega TC Holdings for Rs 150 crore.
Corporate M&A
AZB & Partners, Kochhar & Co, Trilegal, Zeus Law Associates, and Cleary Gottlieb Steen & Hamilton have advised on public listed Vishal Retail’s slump sale to private equity (PE) firm TPG and the Shriram Group for Rs 70 crore.
Corporate M&A
AZB & Partners and Norton Rose’s African merger partner have advised India’s Essar Group on its majority stake take-over of Zimbabwe’s state-owned steel unit Zimbabwe Iron and Steel Company (ZISCO) for $750m.
Corporate M&A
Amarchand Mangaldas, Khaitan & Co and Japanese law firm Anderson Mori & Tomotsune have advised on Asia’s largest life insurance company Nippon Life Insurance Co buying $680m (Rs 3,062 crore) or 26 per cent in Reliance Insurance, marking it the largest ever foreign direct investment (FDI) in the Indian insurance sector.
Corporate M&A
Vaish Associates Advocates and Desai & Diwanji have advised on the complete buy-out of Premier Tissues (India) Limited by Avantha Group’s Ballarpur Industries for Rs 42 crore ($9.3m).