AZB, BMR, Wadia G on year’s biggest PE with $265m Barings-Lafarge buy, A&O, Clearys

Tuesday, 21 May 2013 By Legally India Law firms

Baring Private Equity Asia is set to take a minority stake in cement maker Lafarge India for $265m (Rs 1400 crore), with three domestic firms and two foreign law firms advising on the deal.

Lafarge was represented domestically by AZB & Partners on law and BMR & Associates on tax issues, with Cleary Gottlieb Steen & Hamilton advising on non-Indian laws. AZB fielded Mumbai partner Essaji Vahanvati, BMR led with partner Kalpesh Desai. Clearys’ team consisted of Paris partner Pierre-Yves Chabert and associate Charles Masson.

Baring drafted in Wadia Ghandy Bangalore partner Ankit Majmudar and Allen & Overy (A&O) Paris partner Frederic Jungels.

Baring will subscribe to 200 million Euros of shares in a Lafarge subsidiary, giving the private equity house a 14 per cent stake, according to a press release from Cleary. The deal is slated as the largest in the private equity space in India so far this year, according to the WSJ.

AZB & PartnersBMR & AssociatesWadia GhandyCleary Gottlieb Steen & HamiltonAllen & Overy

Comments

Anonymous 21 May 2013, 11:47
+0 -0
When did Ankit shift to Mumbai? Who is the lead partner at WG Bangalore now then?
kianganz 21 May 2013, 11:54
+1 -0
Unintentional error - thanks for pointing out. Was meant to say WG Bangalore partner, to the best of my knowledge.
. 24 May 2013, 08:12
+0 -0
Ankit is a partner in Mumbai, Bangalore and Singapore. Who are the other partners in Bangalore? Do ask and tell.
Guest 21 May 2013, 12:23
+1 -0
WSJ has clearly got it wrong and not taken account of Qatar Foundation's investment in Bharti which easily trumps this deal as the largest PE deal in India
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