J Sagar Associates (JSA) advised global alternative asset manager The Carlyle Group on its $32.8m buy of a 54.8 per cent stake in Chennai-based publishing and technical services company Newgen Knowledge Works, which was advised by Universal Legal.

JSA Chennai partner Aarthi Sivanandh and senior associates Bhavana Alexander and Dheeraj Mani acted for First Carlyle Ventures III.

Universal Legal partners Kavitha Vijay and Sameena Chatrapathy acted for Newgen.

Khaitan & Co Mumbai partner Aakash Choubey acted for existing investor Aureos South Asia Fund.

BMR Legal acted for existing investor Franklin Templeton Asset Management. A BMR spokesperson did not respond to Legally India’s query for names of the deal team.

Carlyle had earlier invested in Newgen in 2004 and exited its investment in 2011, reported Mint.

Click to show 1 comment
at your own risk
(alt+shift+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
1
Show?
Like +2 Object -0 pumicestone 19 Dec 14, 21:11
Doesn't Carlyle do bigger deals usually?
Reply Report to LI

refreshSort chronologically Filter out low-rated comments. Show all comments.