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Alliance snags deal with old-timers Amarchand, ELP, Wadia G on Mayfield, General Atlantic PE exit/entry

Four-month-old start-up Alliance Legal has advised Fourcee Infrastructure Equipments, with Economic Laws Practice (ELP), Wadia Ghandy and Amarchand Mangaldas respectively assisting the exiting, entering and continuing private equity investors Mayfield Fund, General Atlantic and India Equity Partners.

Alliance Legal partner Ravi Kumar and associate Vardaan Ahluwalia advised bulk logistics solutions company Fourcee in the General Atlantic’s $104m investment. Alliance Legal started in September 2011 with Kumar and ex-AZB partner Vishnu Jerome and ex-J Sagar Associates partner Priyanka Roy.

ELP partner Yashojit Mitra and senior associate Archana Khosla advised Mayfield, which exited from its Fourcee investment after two years, and earned ten times its initial $5m investment, according to VCCircle on Wedesday (11 January).

Mitra said: “I have been working with them continuously for the last three to three-and-a-half years. One way or another I’ve been associated with them since they began their initial investments.

“Earlier they were like clients, now they are more like friends.”

General Atlantic, which became a minority shareholder through the deal, was represented by Wadia Ghandy partner Ankit Majumdar and associates Namrata Sinha and Sheetal Ramdas.

Amarchand Mangaldas partner Reeba Chacko, senior associate Akshay Bhat and associate Kota Chandan provided legal advice to India Equity Partners, which had picked up a $25m stake in Fourcee shortly after Mayfield. India Equity Partners remains a shareholder.

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