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20+ of the latest top and niche deals in corporate, VC, finance, sports and more, rounded-up

All recent top top and top niche deals we may missed, in one place
All recent top top and top niche deals we may missed, in one place

The markets are picking up it looks like – here’s the round-up of what firms have been getting up to.


Capital Markets

Luthra-DLA team Engineers India public offer

Engineers India (EIL) made a public offer of Rs 5,000 million [Business Today]
Department of Disinvestment and EIL: Luthra & Luthra senior partner Mohit Saraf, partner Manan Lahoty, managing associate Geeta Dhania and associates Koushik K Prasad and Theresa Thomas, and DLA Piper Biswajit Chatterjee

MV Kini public sector bonds

REC, PFC, IRFC and NHAI and some other public sector entities issued tax free bonds worth a collective amount of Rs 26,000 crore [One Mint]
REC, PFC, IRFC and NHAI: MV Kinipartners Ashish Suman and Vidisha Krishan, principal associate Shailendra Singh Somvanshi and Abhay Itagi along with senior associate Shailender Sharma and associates Prateek Khanna, Parul Alok and Pragati Shetty

Amarchand, ELP, Law Point help Wadhwa Construction in debenture issue

Wadhwa Construction & Infrastructure issued secured, fully paid up redeemable, unlisted, non convertible debentures for raising funds for a township project situated at Taluka Panvel, District Raigad, Maharashtra. IIFL Realty was the arranger to the issue. The transaction involved the securing of the Debentures by mortgage of immoveable property of the Issuer forming part of the Project property, including development rights of the Issuer over certain portion of the Project land, acquired pursuant to a Joint Development Agreement with Valuable Properties
IIFL Realty: Economic Laws Practice (ELP) partner Jeet Sen Gupta, associate partner Deep Roy and associate managers Nitin Gupta and Okram Singha
Wadhwa Construction: Law Point former advocate Vidya Adsule
Valuable Properties: Amarchand Mangaldas Mumbai partner Jaya Singhania

Banking, finance, projects

Majmudar SBI Rs 400 cr term loan

State Bank of India (SBI) made a term loan of Rs 400 crore to Bank Note Paper Mill India
SBI: Majmudar & Partners partner Prashanth Sabeshan

MV Kini Baroda Bank $5m loan

Bank of Baroda, Dubai loaned $5m to CHL which owns the Suryaa hotel in Delhi
Bank of Baroda Dubai: MVKini partner Ashish Suman, principal associate Shailendra Singh Somvanshi along with associate Parul Alok

Luthra for ICICI in Rs 800 cr Educomp loan

ICICI Bank loaned Rs 800 crore to Educomp Solutions
ICICI Bank: Luthra & Luthra partner Piyush Mishra with senior associate Siddharth Srivastava and associate Kanika Kadam

Amarchand Wind Energy project

Power Finance Corporation in made a secured term loan of Rs 1.14bn to Renew Wind Energy (Welturi) for financing development of wind power project in Beed, Maharashtra
Power Finance Corporation: Amarchand Mangaldas partner Jatin Aneja, principal associate Anoop Rawat and associates Shreyas Rathore and Sagar Dhawan

Khaitan, A&O together on TAQA power fund project

TAQA India Power Ventures entered into a shareholder’s agreement with Indo-Infra Inc. (Canada), India Infrastructure Fund II (an IDFC fund) and the Karcham - Wangtoo Project SPV with regard to the 1,091 MW Karcham –– Wangtoo hydroelectric power plant and the 300 MW Baspa II hydroelectric power plant
TAQA: Khaitan & Co partner Amitabh Sharma and associate partner Nishant Singh and Allen & Overy Abu Dhabi partner Khalid Garousha [no more info]

Amarchand luxury housing SBI loan

A consortium of Indian banks led by State Bank of India made a Rs 375 crore secured term loan to Experion Developers for financing development of luxury housing projects in Gurgaon
Lenders: Amarchand Mangaldas partner Jatin Aneja, principal associate Anoop Rawat, senior associate Gaurav Dayal and associates Shreyas Rathore and Sagar Dhawan

MV Kini for NHAI highway toll collection project

The National Highway Authority of India (NHAI) is rolling out unified electronic toll collection on every national highway along with a central clearing house to manage toll collection and settlement [Press Information Bureau]
NHAI: MVKini partner Ashish Suman, senior advisor SB Bhatia, senior associate Harkirat Singh and associate Sakshi Puliani.

Amarchand gets Rs 12 bn secured loan to Orient Cement

A consortium of Indian banks led by State Bank of India made a Rs 12bn secured term loan to Orient Cement for financing development of integrated cement plant in Karnataka
Lenders: Amarchand Mangaldas partner Jatin Aneja, principal associate Anoop Rawat, and associates Kaif Ahmed Siddiqui and Sagar Dhawan


Ex-Khaitan Sud partner, now Rajani, does Mahindra potato JV with DH Law

Mahindra & Mahindra’s agricultural division signed a joint venture agreement with potato breeder HZPC Holland [Mint]
HZPC: DH Law partner Vikas Kumar and associate Yosham Vardhan
Mahindra & Mahindra: Khaitan Sud & Partners partner Preeti Balwani (since joined Singhania Rajani & Partners)

JSA, Luthra on Rs 229 Financial Tech sale of Bulk Handling

Financial Technologies India sold its entire shareholding in warehousing and logistics company National Bulk Handling Corpoation to India Value Fund IV (IFV) for Rs 229 crore [Financial Express]
Financial Technologies: J Sagar Associates (JSA) partner Nitin Potdar and Rinku Ambekar with senior associate Puneet Shah
IVF: Luthra & Luthra Mumbai

Amarchand, Kirkland in iQor Holdings

iQor Holdings globally bought the aftermarket services business of Jabil Circuit [PR Newswire]
iQor: Amarchand Mangaldas partner Pooja Mahajan, principal associate Amit Singhania, senior associate Ishita Kapur and associate Smita Das and Sanaa Ali, and Kirkland Ellis
Jabil: Could not be confirmed at time of going to press

JSA, DSK, Herbies on Japan-Bangalore spring JV

Bangalore company Stumpp Schuele spun out springs business into Mitsubishi Steel JV [VCCircle]
Stumpp Schuele & Somappa Springs: J Sagar Associates (JSA) partner Murali Ananthasivan and seneior associate Tamara Devanandan and associates Roy George, Rajashree Balasubramanian and Malini Rao
Mitsubishi Steel Mfg: DSK Legal and Herbert Smith Freehills Japan

Khaitan, Vaish on Rs 1,150 Dalmia Cement sale

JAL executed a share purchase agreement with Dalmia Cement to sell its 74% equity in Bokaro Jaypee Cement to Dalmia for Rs 1,150 crore [Business Standard]
JAL: Vaish Associates partner Martand P Singh, Partner, principal associate Krishna Kishore, senior associate Yatin Narang, and associates Siddharth Dang and Priyesh Sharma
Dalmia: Khaitan & Co Delhi partner Bharat Anand with principal associate Satyajit Gupta and senior associates Rupesh Mishra and Pashupati Nath

Piramal Rs 2,014 cr Shriram investment with Amarchand, Trilegal

Piramal Enterprises bought 20% in Shriram Capital for Rs 2,014 crore [Financial Express]
Piramal: Amarchand Mangaldas
Shriram Capital: Trilegal 

Vaish’s PEL infrastructure demerger

The Infrastructure Division of Prime Electric (PEL) demerged into PEL Asset and Infrastructure. The Infrastructure Division primarily consisted of land of PEL located in a SEZ Area in Hyderabad
PEL: Vaish Associates partner Satwinder Singh, principal associate NPS Chawla and associate Saheb Singh Chadha

Majmudar on Hardinge-Forkardt buy

Hardinge bought Forkardt workholding products division of ITW India [Reuters]
Hardinge: Majmudar & Partners managing partner Akil Hirani, associate partner Christopher Krishnamoorthy and Phillips Lytle and Higgs & Co
ITW India: Vaish Associates partners Bomi Daruwala and Martand Singh and associate Tanya Sharma

Private equity / VC

Samvad helps Grey Orange raise $1m Series A from Tiger, Blume

Gurgaon and Singapore-based warehouse automation company Grey Orange raised $1m in Series A Funding from Tiger Global and Blume Ventures [VCCircle]
Grey Orange Robotics: Samvad Partners partner Neela Badami and senior associate Sindushri Badarinath
Tiger Global Eight Parent Holdings: US law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian

Samvad, Cooley on Rs 140 crore Yatra investment

IDG Ventures and Vertext invested Rs 140 crore in travel website Yatra.com
IDG Ventures India Fund II: Samvad partners Siddharth Raja and Neela Badami, and associates Junaira Rahman, Shruthi Chandrasekaran, Pranav Raju and Sandeep Pareekshit
Yatra: US law firm Cooley LLP

Tatva, Khaitan Co in Soros-backed Neogrowth Credit investment

Soros Economic Development Fund backed Aspada Investment Company bought a minority interest in NBFC Neogrowth Credit [BS]
Aspada: Tatva Legal partner Manav Nagaraj, senior associate Bhargava KS and associate Kavya
Neogrowth: Khaitan & Co Mumbai partner Haigreve Khaitan, associate partner Ashish Razdan and associates Mayank Singh and Sukanya Hazarika

Luthra, Majmudar in $15m Lighthouse funds investment in Bikaji

Lighthouse funds acquired 12.5 per cent in Bikaji Foods International for Rs 900 million ($15m) [ET]
Bikaji: Majmudar & Partners managing partner Akil Hirani, associate partner Christopher Krishnamoorthy
Lighthouse funds: Luthra & Luthra


Mastercard India sale with Khaitan, McDermott

Mastercard International bought C-Sam Inc and its subsidiaries including entities in India
Mastercard: Khaitan & Co partner Abhilekh Verma and McDermott Will & Emery LLP partner Brian Hoffman


MMB buys rights to make Lionel Messi merchandise

Collectabillia got the exclusive worldwide right to design, manufacture and sell covers for mobiles, laptops and tablets with images and trademarks of footballer Lionel Messi [ET]
Collectabillia: MMB Legal managing partner Mahesh Madan Bhatt and advocates Ryan Locke and Aparna Nair in Bangalore
Leonel Messi’s licensors; in-house

MMB Arjun Maini F4 racing contract

Lanan Racing signed on Arjun Maini as one of its three drivers for the 2014 British Racing Drivers’ Club (BRDC) Formula 4 Championship [The Hindu]
Arjun Maini: MMB Legal managing partner Mahesh Madan Bhatt and advocate Ryan Locke
Lanan Racing; In-house

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