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Deals in brief & exclusives > DSK-JSA-AMSS: Blackstone-SH Kelkar | DSK-Legasis: Strides M&A | Khaitan-PSA: Gita Piramal-HNI | Karanjawala: Hockey India-ESPN | JSA-CB-Tatva-AZB: Panasonic Firepro | Amarchand: Nestle-Pfizer CCI | Khaitan-Vaish: Reliance PE

The rest of the week's deals in one package
The rest of the week's deals in one package

Deals in private equity, corporate M&A, sports-media law, and competition law merger control in this update.

Private equity

Blackstone has invested Rs 200 crore ($35m) in Wayzata Investment Partners-backed perfume company SH Kelkar & Company
SH Kelkar: DSK Legal managing partner Anand Desai and managing associate Pragya Dhamija
Blackstone: Amarchand Mangaldas Delhi partner Raghubir Menon
Wayzata: Jyoti Sagar Associates (JSA) partner Jay Gandhi

Anil Ambani-owned Reliance Capital’s private equity (PE) arm Reliance Equity Advisors invested Rs 70 crore ($12.6m) in white goods manufacturer Amber Enterprises
Reliance Equity Advisors: Khaitan & Co partner Ganesh Prasad
Amber Enterprises: Vaish Associates partner Satwinder Singh

International investment bank Standard Chartered’s PE arm SCPE inducted Japanese electronics major Panasonic as a strategic investor in infrastructure protection and safety systems provider Firepro. Independent asset manager Pinebridge is the existing investor in Firepro
SCPE: J Sagar Associates (JSA) partner Sidharrth Shankar, senior associate Nitesh Bhasin and associate Vatsal Gaur
Panasonic: Crawford Bayley partner Sanjay Asher
Firepro: Tatva Legal partner NK Dilip
Pinebridge: AZB & Partners

Corporate/M&A and Joint Ventures

Bangalore-based Strides Arcolab, via its unit Agila Specialties, bought a sterile formulations facility from Star Drugs & Research Labs for Rs 125m ($22m) [Dealcurry].
Strides Arcolab: DSK Legal partners Raksha Kothari and Nirav Shah with senior associate Malabika Boruah
Star Drugs & Research Labs: Legasis Partners associate partner Nishad Nadkarni

Leading Japanese cargo company SG Holdings formed a joint-venture with Bangalore based logistics solutions company Sindhu Cargo Services to carry out freight forwarding, customs clearance and integrated logistics related services
SG Holdings: Khaitan & Co partner Zakir Merchant and executive director Dinesh Agrawal, international law firm Nishimura & Asahi’s Tokyo office
Sindhu Cargo Services: Amarchand Mangaldas

Business historian Gita Piramal sold around 95 per cent of her stake in leading Indian branded furniture maker BP Ergo to the world’s second largest office furniture maker HNI Corporation.
Gita Piramal: Khaitan & Co partner Aakash Choubey
HNI Corporation: PSA founder partner Priti Suri and senior associates Dhruv Suri and Ashutosh Chandola

Sports / media

Singapore-based Asian sports TV network ESPN Star Sports bought telecast rights from Indian field hockey’s governing body Hockey India to globally telecast various matches played in the Hockey India League, over several years. ESPN Star Sports also bought rights to telecast all international hockey matches under Hockey India to be played in India over next five years.
Hockey India: Karanjawala & Co consultant Premtosh Mishra and associate advocates Yojna Goyal and Varsha Lakhani
ESPN Star Sports: in-house

Competition law

The CCI approved the Indian leg of the $11.9bn global acquisition of the infant nutrition business of the world’s largest research-based pharma company Pfizer, by leading global nutrition, health and wellness company Nestlé
Nestlé: Amarchand Mangaldas Delhi senior partner Pallavi Shroff, partner Shweta Shroff Chopra, principal associate designate Harman Singh Sandhu and associate Sangeeta Mugunthan

If you would like your deals included in future deals round-ups, please send us an email at with details of the transaction and lead partners.

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