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Deals in brief: Mahindra-Tsubakimoto JV | Rs 1000 cr M&A for Luthra | AMSS-S&R-CC QIP | Sotheby in India | more

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

Some of the deals lawyers have been working on this month that we didn’t manage to cover separately.


Rajani scores Mahindra Japan conveyor JV opposite JSA

Mahindra Engineering & Chemical Products transferred its majority shareholding of 42.5 per cent in Mahindra Conveyor Systems to the Japan-based Tsubakimoto Chain Co whose affiliate Tsubaki Bulk already holds 8.5 per cent in Mahindra Conveyor Systems [Business Standard]
Mahindra Conveyor: Rajani Singhania & Partners partner Preeti Balwani, senior associate Swati Rout and associate Varun Shah
Tsubakimoto: J Sagar Associates partner Thomas Varghese, senior associates Ashish Deshmukh, Fatema Kachwala and Yashodhara Ghorpade

MNK in Sotheby’s local property franchise deal

RealPro Infra entered into an exclusive North India Franchise of Sotheby's International Realty for 25 years over around 40 high-profile properties ranging in price from Rs 15-200 crore [Economic Times]
RealPro Infra: MNK Law Offices partner Probal Bhaduri and associates Aashish Vats and Kamalika Bhattacharjee
Sotheby: In house

S&R accounts for law in Intuit Inc buy

Massive business and financial solutions provider Intuit Inc bought tax filing software provider KDK Softwares India
Intuit Inc: S&R lawyers Venkatesh Vijayaraghavan, Rachael Israel and Prateek Sharma.

Luthra, Vaish do JSW’s Rs 1000 cr Welspun buy

JSW Steel Limited bought Welspun Maxsteel from Welspun Enterprises for Rs 1,000 crore [Mint]
JSW: Luthra & Luthra Mumbai partner Amit Shetye and Bikash Jhawar with senior associate Rohan Shah and associates Avinash Subramanian and Satadru Goswami, as first reported by Bar & Bench.
Welspun: Vaish Associates partners Bomi Daruwala and Martand Singh with associates Siddharth Dang and Tanya Sethi.

Capital markets

$100m Prestige Reg S with AMSS, S&R, Clifford Chance

Prestige Estates Projects had a $100 million Regulation S / Rule 144A qualified institutional placement of 25,000,000 equity shares at Rs 245 per share. CLSA India and JP Morgan India were the lead managers
Prestige: Amarchand Mangaldas partner Arjun Lall
Lead managers: S&R Associates partner Bhakta Patnaik with Clifford Chance partner Rahul Guptan, Hong Kong consultant Thomas Kollar and associate Bertrand Law

Private equity

Inventus Peel Works with Thomas Krishnaswami, Samvad

Samvad, Thomas Krishnaswami do $2m Inventus investment in Peel Works [Medianama]
IDG Ventures India and Inventus Capital invested $2m in Peel Works
IDG Ventures and Inventus Capital: Samvad Partners partner Nivedita Nivargi and associates Sandeep Pareekshit and Malvika Kanade
Peel Works: Thomas and Krishnaswami Law Associates partner Nirupama Krishnaswami

Project finance

MDP in Rs 156 crore Ahmednagar tollway term loan

Loan documentation between Kopargaon Ahmednagar Tollways (Phase I) and a consortium of banks - Union Bank of India, Canara Bank, Bank of Maharashtra, IDBI Bank Limited and UCO Bank – for Rs 156 crore
Borrower & Lenders: MDP & Partners partner Nishit Dhruva with associates Malav Virani, Jaisry Mani, Saloni Kothari and Khushbu Chhajed

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