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The latest deals involving Indian companies and law firms.

PXV Law Partners and French best friend law firm DS Avocats advised French defence electronics group NSE Industries in a joint venture with Bangalore-based Hical Technologies, which was advised by J Sagar Associates (JSA).

PXV Delhi partner GT Thomas Phillippe and DS Advocats Paris partner Olivier Monange acted for NSE Industries, which received the Foreign Investment Promotion Board’s (FIPB) approval for this Rs 1 million ($17,000) foreign direct investment in May of this year.

JSA Bangalore partner Murali Anandasivan and senior associate Mary Julie John acted for Hical.

PDS & Associates has acted for steel maker Mukand Limited in its Rs 160 crore rights issue, which was filed with the Securities Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) last week. Board approval was granted in June.

PDS Mumbai partner Sajid Mohamed advised Mukand, assisted by principal Abhishek Misra who had joined the firm two months ago from SA Partners – a start-up he set up in 2010. PDS & Associates is the corporate advisory arm of PDS Legal, which specialises in tax advisory. Both firms work closely with Ernst & Young (E&Y).

Random PenguinsObhan & Associates acted for publisher Penguin Random House in its purchase of Ananda Publishers’ stake in Penguin Books India.

Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC's India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Udwadia Udeshi & Argus Partners.

PXV Law Partners Mumbai partner Deepto Roy acted for long-time client Glocal Hospitals in its Rs 25 crore ($4m) investment by SIDBI Venture Capital. Kochhar & Co Gurgaon-based partner Anjuli Sivaramakrishnan acted for SIDBI.

Universal Legal advised Andhra Pradesh-based Rainbow Hospitals, in which the UK-government owned CDC and private equity investor Abraaj Group invested Rs 100 crore ($16m). Wadia Ghandy advised the CDC and Abraaj Group.

Universal Legal Chennai-based partner Kavitha Vijay and senior associate Sameena Chatrapathy acted for the 14-year old paediatric and maternity healthcare business in AP, which currently has 450 beds but will expand after this business.

Wadia Ghandy Bangalore partner Ankit Majumdar and senior associate Anubhav Agarwal acted for the investors. This was CDC’s first direct equity investment and it intends to invest $1bn in India in the financial services sector, healthcare, renewable energy, and consumer-related businesses, according to the ET.

S&R Associates and Kirkland & Ellis advised the UK-based Kewill group and its backers Francisco Partners, in buying Hyderabad-based software solutions provider Four Soft for Rs 265 crore ($43.4m). Four Soft was advised by BMR Legal.

RBSAZB, Luthra, Links & Slaughters sell off Indian RBS assets to Ratnakar bank.

Cherie Booth QCThe London Court of International Arbitration’s (LCIA) Indian subsidiary resolved real estate giant Hiranandani Group’s family business dispute yesterday after over two-and-a-half years of arbitration.

RDA Legal advised pickles and jams manufacturer Desai Brothers in buying out Savannah Hotels from Sinclairs Hotels, which operates the Savannah-Sinclairs Hotel in Bangalore, and from Savannah’s other shareholders.

RDA managing partner Rohit Das and associates Ushasi Das and Robin Quadros advised on the transaction, while partner Avik Biswas led the due diligence with senior associate Naren BS and associate Soumik Das.

Sinclairs Hotels, which Das advised in its November 2011 acquisition of Savannah, was advised in-house.

The Securities and Exchange Board of India (SEBI) is examining the terms of the agreement between Ambuja Cements and Holcim.

Digging up projects work Amarchand Mangaldas solidified its lead in the Indian project finance league tables ahead of Luthra & Luthra, as AZB & Partners pushed its way into the top three.

PVR CinemasLuthra & Luthra advised India’s largest multiplex operator PVR in its Rs 1,000 crore contract with BMR-advised Big Tree.

HSA Advocates advised Invest India Micro Pension Services (IIMPS) and its promoters in raising funds from German promotional bank KfW for a 30 per cent stake in IIMPS. KfW was advised by its in house legal team.

AZB & Partners partner Hardeep Sachdeva advised the Michael & Susan Dell Foundation, which is one of the shareholder’s in IIMPS, alongside UTI Asset Management and SEWA.

HSA partner Harvinder Singh and senior associate Sumedha Dutta acted for IIMPS, which distributes financial services to lower income groups, including savings schemes for old age.

M&A: Biggest slice, or rest of the pie?AZB & Partners dropped off data provider Merger Market’s half-yearly (H1) M&A league table despite reporting 21 deals – the highest among India’s top ten law firms.

DSK Legal advised Fortune 500 companies’ analytics provider Fractal Analytics in the Rs 150 crore ($25m) cash injection by private equity (PE) firm TA Associates, which was advised by Nishith Desai Associates (NDA) and Goodwin Procter.

DSK Legal Mumbai partner Tushar Ajinkya acted for Fractal.

NDA Bangalore partner Vaibhav Parikh and Goodwin Hong Kong partner Yash Rana acted for TA Associates.

PE firms invested about $2.3bn across 82 deals in this year’s second quarter, increasing by around 17.7% from last year in the same quarter when $1.98bn were invested across 114 transactions, according to the Business Standard.

PnA Law Offices advised engineering Joint Entrance Examination (JEE) candidate Arnav Ohri in challenging the government assessment process, introduced by Kapil Sibal, for admission to undergraduate engineering programmes in top Indian institutes including the IITs and the NITs.

Desai & Diwanji advised auto parts maker Amtek Auto, which bought 51.2 per cent in the Jamshedpur-based JMT Auto for Rs 110 crore ($18.4m), according to VCCircle. JMT Auto was advised by Amicus.

Desai & Diwanji Gurgaon-based partner Raghav Mathur assisted by senior associates Nikhil Sachdeva and Jinni Sinha with associates Amanjot Malhi, Nakul Batra and Nitya Chadha acted for Amtek. The company made an open offer to purchase an additional 26 per cent equity in JMT for Rs 55.6 crore.

Amicus co-founding partner Shivi Agarwal acted for JMT, which had revenues of over Rs 300 crore on 31 March, according to the Economic Times. Amtek is backed by funds ChrysCapital and Warburg Pincus, and ChrysCapital also holds 30.5 per cent in JMT, according to VCCircle.

Vaish Associates advised pre-school network Brainworks Learning Systems and its investor Kusumbala Investments in selling out for Rs 5 crore ($824,810) to pre-school network Tree House Education & Accessories. Tree House was advised by Wadia Ghandy.

Vaish Associates Mumbai corporate and banking partner Sandhya Iyer with senior associate Yatin Narang and associate Ishita Roy acted for Brainworks which, according to Business Standard, has 13 self-operated and 51 franchisee centres all over India.

Wadia Ghandy Ahmedabad partner Tanvish Bhatt with senior associate Shreya Desai acted for Tree House which will now have 450 centres across India, reported the paper.

HydrocarbonAmarchand Mangaldas advised Videocon Hydrocarbon Holdings (VHHL) on the Indian leg of the $2.475bn (Rs 14,827 crore) sale of its 10 per cent stake in a Mozambique gas field in Brazil.

IndusLaw advised the founders of Redbus and its early investors Helion, Inventus and Seed Fund, in selling out the online bus-ticketing service for $100m (Rs 597 crore) to the Ibibo Group, which is a joint venture of South African Media giant Naspers and Chinese internet company Tencent.

Amarchand Mumbai partners Vandana Shroff and Ajay Joseph acted for the Ibibo Group, which owns online travel aggregators Goibibo and TravelBoutiqueOnline.

IndusLaw Bangalore partner Suneeth Katarki with associates Basava Rao, Rashi Saraf, and Sherill Pal acted for the Bangalore-based Pilani Softlabs’ founders Phanindra Sama and Charan Padmaraju and the other investors in the buy-out of the seven-year old company.

In 2012 RedBus earned Rs 350 crore selling tickets over Rs 600 crore on more than 10,000 bus routes, according to Mint.

Amarchand Mangaldas advised State Bank of India (SBI), SBI Trustee and SBI AMC in buying Japan’s second-largest brokerage group Daiwa Security Group’s Daiwa Mutual Fund. Daiwa was advised by AZB & Partners. SBI will buy the Japanese fund for more than Rs 1.3 crore ($220,000), reports Mint.

Amarchand Mangaldas Mumbai corporate partners Ashwath Rau and Aysswarya Murthi acted for the buyers, which will acquire Daiwa’s sponsorship, trusteeship and management.AZB & Partners Mumbai partner Alka Nalavadi and associate Rushabh Maniar acted for Daiwa Asset Management Company’s Indian and Japanese arms and Daiwa Trustee Company.

Daiwai Mutual Fund is selling out to SBI because it wants to cut costs and jobs outside Japan, and because India poses regulatory uncertainties, waning retail investor interest in equity markets, wafer-thin margins and a highly competitive environment, reported the Times of India.

Dua Associates advised advertisement seller Amagi Media Labs in its second fundraising round of Rs 27.5 crore ($4.7m) from global venture capital (VC) fund Mayfield FVCI, which was advised by Economic Laws Practice (ELP).

Dua Associates Mumbai partner Vinod Joseph with senior associate Sugandha Kamal and associate Rajat Agarwal acted for Amagi which, according to Medianama, targets city-based advertisers wanting to broadcast ads on TV.

ELP Mumbai partner Yashojit Mitra acted for Mayfield, which has $2.7bn assets under management, according to VCCircle.

Luthra & Luthra advised Max India’s year-old subsidiary arm Antara Senior Living in setting up a Dehradun-based living community for senior citizens.

J Sagar Associates (JSA) advised Bangalore-based milling machine maker Milltec Group in Mauritian fund Multiples’ buy-out of half its equity for Rs 250 crores ($43.3m). Multiples was advised by Khaitan & Co Bangalore.

JSA partners Sajai Singh and Gerald Manoharan, senior associate Prashant Kumar and associate Roy George acted for Milltec, also advising it on documentation for a Rs 35 crore loan from L&T Finance.

Khaitan & Co Bangalore partner Ganesh Prasad and principal associate Vineet Shingal and associate Sanjay Khan acted for Multiples.

Dua Associates Bangalore partner Srinivas BR acted for the selling shareholders.

tgbsb4bgSeth Dua & Associates advised Chinese telco ZTE Corporation in filing a winding up petition against Indian phone service provider Loop Mobile in the Bombay high court

TyresAmarchand Delhi, Jones Day Cleveland and Sullivan Cromwell London acted on Gurgaon’s Apollo Tyres $2.5bn takeover of Ohio-based Cooper.

Amarchand Mangaldas is advising publishers of the Hindustan Times HT Media on its Rs 25 crore buyback of 2.05 per cent of its shares, which commenced on 3 June and will be open latest until 13 May 2014.

Amarchand Delhi partner Inder Mohan Singh, principal associate designate Kunal Mehra and senior associate Aayush Kapoor are acting for the media house.

They are advising HT Media on various transaction related issues from time to time and have drafted the public announcement, various notifications with the stock exchanges and the regulator, and documentation, according to a statement from the firm.

Kotak Mahindra Capital Company is the manager to the buyback. Amarchand had acted on the media company’s initial public offering (IPO) in 2005.

neggrid3Amarchand for Adani Ports, Khaitan & Co and Jones Day step up for the banks.

AntillaDMH for YES Bank founder family’s SPV, Kanga for sellers Citi and GSK.

Desai Diwanji, Freshfields, Linklaters, TTA sold German machining company to India auto maker

bi3ghbgdAmarchand Mangaldas and Latham & Watkins advised London-listed mining giant Vedanta on largest ever bond offering by an Indian corporate.

 waxw1cdiKhaitan & Co and Davis & Gilbert advised Japanese media giant Dentsu and its Indian subsidiary in picking up 80 per cent stake in Indian digital agency Webchutney. Webchutney was advised by SA Partners.

wealth managementTrilegal advised British multinational bank Standard Chartered in buying out US investment bank Morgan Stanley’s Indian private wealth management unit. Morgan Stanley was advised by Amarchand Mangaldas.

IPPThree firms offload 81 million shares of real estate giant through the still novel institutional placement programme (IPP).

Amarchand Mangaldas, Desai & Diwanji, Luthra & Luthra and Linklaters are advising Fortis Healthcare on its institutional placement programme (IPP) that could raise up to $58m (Rs 320 crore).

Amarchand capital markets partner Yash Ashar in Mumbai acted for Fortis, while Luthra & Luthra Delhi-based capital markets partner Madhurima Mukherjee advised the lead managers Standard Chartered, JP Morgan and Religare.

Linklaters Singapore also advised the lead managers.

Desai & Diwanji partners Vishwang Desai and Srishti Ojha and associate Ishita Kashyap advised GIC Special Investments, in relation to the foreign currency convertible bonds (FCCBs).

The price under Chapter  VIII-A of SEBI’s ICDR regulations, will be no more than Rs 92 per share for up to around 35 million shares.

Television investmentThree law firms structure preferential allotment of shares in BSE/NSE-listed company.

Amarchand top, Luthra 2nd, as Khaitan & Co makes first league table appearance in years.

Jet AirwaysSenior counsel Harish Salve got stuck into novel transactional law with ELP, Gagrats, Amarchand and DLA.

TiresAZB & Simpsons reprised roles for KKR, with Amarchand and Davis Polk acting for the sellers.

4t50qx0iObhan & Associates, which is run by Anand & Anand and AZB alumni, bags deal opposite ALMT.

BBQBMR’s latest recruit, Amit Khansaheb, seals second deal at consultancy’s legal arm.

PDS & Associates and DLA Piper advised Indian conglomerate PCM Group in its €36m (Rs 255 crore) acquisition of German international railway equipment conglomerate Rail One whose shareholders were advised by Hogan Lovells.

PDS & Associates Mumbai partner Sajid Mohamed, with DLA Piper Germany partner Benjamin Parameswaran and counsel Isaschar Nicolaysen and a raft of other DLA partners acted for the Siliguri-based Indian private company in acquiring the 118-year old German giant.

Hogan Lovells Berlin-based partner Jörg Meissner acted for Rail One shareholders. The €150m company with plants in Germany, Romania, Saudi Arabia, Spain and South Korea was acquired for €36m reported the Economic Times.

Linklaters partner Dr Eva Reudelhuber acted for the banks for the sellers.

Q1 M&A: In terrible shape AZB & Partners did the greatest number of deals (13) in the first quarter of this year, according to the mergermarket M&A deal rankings.

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