Khaitan, Trilegal, Themis on $11m IDFC infusion in ASG Eye Hospitals

Tuesday, 10 October 2017 By Legally India Private equity / VC

“Private equity firm IDFC Alternatives has invested Rs 75 crore ($11 million) for a minority stake in ASG Eye Hospitals,” reported VCCircle.

Khaitan & Co partner Vineet Shingal, principal associate Deepak Jodhani, senior associate Vinita Choudhury and associate Harsh Khemka and associate director Vinita Krishnan, senior associate Jimmy Bhatt and associates Sarayu Satish and Praneetha Vasan and partner Anshul Prakash and senior associate Abhishek Thanvi and counsel Shailendra Bhandare acted for IDFC Alternatives with in-house counsels Karishma Dalvi, Asif Iqbal and Vinod Joseph. .

Trilegal partner Yogesh Bhattarai and counsel Kunal Kumbhat acted for ASG Eye Hospitals with associates Sagar Godbole and Harshavardhan Goel.

Themis Associates Archan Chakraborty advised existing investor Sequoia Capital with in-house counsel Arjun Rajgopal.

Khaitan & CoTrilegalThemis Associates

Comments

Khaitan Alumni 10 Oct 2017, 09:44
+0 -0
Wasn't Arjun in Khaitan, when did the move happen? Nice fellow and good mentor..
Congrats 10 Oct 2017, 09:56
+4 -2
Congrats Vineet & Co!
1 Lawyer per Milliion 10 Oct 2017, 10:46
+9 -6
Khaitan took 11 lawyers on a 11 million transaction??? Was it to bloat the billings or for optics sake?? That too a straightforward PE deal. Even if you split diligence and documentation, 11 lawyers!!
You are a fool 11 Oct 2017, 02:29
+10 -1
You sound like an ignoreant fool who clearly has never been part of a transaction. Every transaction has a core deal team and other lawyers who provide transaction support. Unlike the other firms, Khaitan believes in giving credit to everyone. It’s obvious that the deal team only comprised of Vineet and a few of his associates.

Compare it with the likes of Amarchands, AZB and Luthra, who only name the partners even though the associates would have been responsible for steering the deal and pulling off all-nighters on diligence and documentation.
Well Wisher 11 Oct 2017, 09:19
+3 -0
Agree. Even in this instance, Trilegal and Themis havent mentioned their team involved.
kianganz 11 Oct 2017, 09:24
+1 -1
In this case, the story was based on KCo press release, so they've mentioned complete teams. They also confirmed to us the lead partners at Tri and Themis, but obviously not the complete teams.

However, if either of those firms want to share the complete teams with us, we'd be happy to add them.
kianganz 12 Oct 2017, 06:44
+1 -1
Trilegal has also sent us associate names now, which we've added.
Thanks
Kian
Informed 11 Oct 2017, 05:55
+2 -2
Well done Kunal!
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