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5 Deals in brief: More Blackstone action, KPMG Indian backoffice, Chennai IT Cos, French chemicals

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

Amarchand, Anup Shah on $200m for Blackstone Bangalore investment; Majmudar structures KPMG Indian backoffice with Sidleys; and more…

Amarchand Mangaldas partners Cyril Shroff and Reeba Chacko advised Blackstone, which bought a 37 per cent stake for around $200m in Embassy Property Developments-promoted real estate company Manyata Promoters, which was advised by Anup S Shah Law Firm managing partner Anup Shah who went independent again from AZB & Partners in late 2010 after merging in 2009.

Majmudar & Co partner Akil Hirani advised on the joint venture between KPMG India and KPMG in the UK and US to set up KPMG Global Services, which as a global capability center will provide professional services KPMG entities globally. Majmudar tax principal Ravishankar Raghavan also assisted on Indian tax and corporate law advice, with Sidley Austin New York partner Michael Yanowitch also advising.

Khaitan & Co partner Vaishali Sharma advised Kale Consultants on information management solutions provider Saksoft’s buyout of the entire 49 per cent stake held by Kale in Synetairos Technologies, which is a Chennai-based IT and finance consultancy that was advised Universal Legal.

HSA Associates partner Aparajit Bhattacharya advised ICICI Venture Funds on its divestment of German animal health company Bremer Pharma’s shares to Cadilla Healthcare-owned Zydus Animal Health, which drafted in German firm P+P Pöllath + Partners and Dutch De Brauw Blackstone Westbroek for due diligence. ICICI Venture had acquired Bremer Pharma in 2008.

French chemicals producer Arkema bought French oil and gas company Total for $720m, which also has two subsidiary companies in India. Willkie Farr represented Arkema with Amarchand Mangaldas, and Total was advised by Cleary Gottlieb with Khaitan & Co partner Rabindra Jhunjhunwala in India.

Photo by lemonhalf

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