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JSA second-time for Info Edge PE and German glass maker buy this year, with Desai & Diwanji, BMR

J Sagar Associates (JSA) advised online classifieds business Info Edge in its private equity investment, and German glass maker Gerresheimer Glas GmbH in its acquisition, for the second-time this year.

Info Edge invested Rs 5 crore ($9,06,455) for a 25 per cent stake in portal Happily Unmarried, while Gerresheimer bought a 75 per cent stake in Delhi-based pharmaceutical plastics-maker Triveni Polymers which was advised by Desai & Diwanji and BMR Advisors. Happily Unmarried was advised in-house.

JSA Gurgaon partner Rohitashwa Prasad with senior associate Abhishek Shinde acted for Info Edge, as they had done on its Rs 35 crore investment in Canvera Digital Technologies in September.

Mumbai partners Vikram Raghani and Anish Mashruwala, with senior associates Anand Lakra and associates Bir Bahadur S Sachar and Delna Aga acted for Gerresheimer, as they had in May on its 70 per cent acquisition in Neutral Glass, before Mashruwala was made partner.

Desai & Diwanji Delhi partner Amit Khansaheb and BMR Advisors associate Rohit Berry acted for Triveni Polymers.

Info Edge, which owns job portal Naukri and real estate portal 99 acres, has bought optional fully convertible cumulative redeemable preference shares of Happily Unmarried, to expand its online business through this website, according to Medianama

Gerresheimer is looking to double its revenues in emerging markets, like India, from EUR 100 million in 2010 to EUR 200 million in 2013, and achieved emerging market revenues of about EUR 140 million last year, according to Business Standard.

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