Private equity / VC

Amarchand, AZB bag $630m KKR-Warburg-Alliance Tire LBO with DPW, Simpsons

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

ALMT & 7-yr-old Delhi firm Obhan bill mPOS start-up Mosambee for $1m SIDBI seed

4t50qx0i
4t50qx0i
Obhan & Associates, which is run by Anand & Anand and AZB alumni, bags deal opposite ALMT.

BMR Legal, S&R roast $20m PE for Barbeque Nation

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

Khansaheb's BMR with Vaish & Crawford B mix $13m Singapore PE into Indian liquor co Globus

Vaish Associates and Crawford Bayley advised Delhi-based liquor firm Globus Spirits in raising Rs 70 crore ($13m) from Templeton Strategic Emerging Markets Fund IV LDC (TSEM) which was advised by BMR Legal’s new hire from Desai & Diwanji.

Luthra, Rajani build Rs 35 cr Motilal PE in Magicrete

Rajani Associates advised brokerage house Motilal Oswal Private Equity (MOPE) which invested Rs 35 crore ($6.4m) in concrete blocks maker Magicrete Building Solutions, which was advised by Luthra & Luthra. Rajani Associates founding partner Prem Rajani with partner Poorvi Sanjanwala, senior ass...

Tatva, JSA assist on $10m US social stake for Grameen microfinance

Tatva Legal advised micro-financier Grameen Financial Services (GFSPL), which received Rs 37.5 crore ($6.8m) of funding from US-based Creation Investments that was advised by J Sagar Associates (JSA). Tatva Legal Bangalore senior associate Bhargava KS and manager Raghunath Ananthapur with assistance...

Majmudar, Trilegal, AZB, Kim Law on $10m Burill-Strand Life Sciences PE

Majmudar & Partners and US law firm Kim Law Advisors advised San Francisco’s Burill & Company in its Rs 54 crore ($10m) primary and secondary investment in the Trilegal-advised Bangalore-based Strand Life Sciences, including buying out its lead investors WestBridge Capital and Ascent Capit...

Lexygen helps Zephyr, Credence lodge $17m PE in 20Cube logistics, with S’pore, Oz lawyers

Exclusive: Lexygen advised India-focused private equity (PE) fund Zephyr Peacock India and Singapore-based PE fund Credence Partners in their Rs 90 crore ($17m) joint investment in Singapore-based logistics company 20Cube. 20Cube was advised by Singapore law firm Alliance LLC. Lexygen partner Prasha...

Luthra axes 7% Tree House equity for Aditya Birla and Omidyar PE Funds

Luthra & Luthra advised India’s largest pre-schools’ operator Tree House Education and Accessories in preferentially allotting its equity shares for Rs 81.25 crore ($15m) to Aditya Birla Private Equity – Sunrise Fund (ABPESF) and Omidyar Network (ON) Mauritius and warrants to promoters, which were advised in-house.

Phoenix, JSA bring home US Clearwater’s Rs 100 cr to Ramprastha housing group

Phoenix Legal advised old-client real estate company Ramprastha group in Cyprus-incorporated investor Clearwater Capital Partners’ (CCP) Rs 100 crore ($18m) investment into it. CCP was advised by J Sagar Associates (JSA).

2 DSK Legal PEs: $181m biggest health fundraising with Tatva & 1 more with Desai & Diwanji and R&A

DSK Legal advised India Value Fund Advisors’ (IVFA) trustee IVF Trustee Company in its Rs 1000 crore ($181m) investment in Bangalore-based Manipal Health Enterprises which was advised by Tatva Legal.

Dua, Naik help Olive Bar & Kitchen milk $10m from Aditya Birla fund

Dua & Associates advised domestic private equity (PE) fund Aditya Birla Sunrise in its Rs 53.5 crore ($10m) investment in fine dining restaurant chain Olive Bar & Kitchen which was advised by Naik & Naik.

Desai & Diwanji, IndusLaw ticket $18m BookMyShow VC funds from Facebook investor

Big-ticket $18m show
Big-ticket $18m show
Exclusive: Desai & Diwanji advised India’s largest entertainment ticketing website BookMyShow in the Rs 100 crore ($18m) capital and equity infusion to be made in it by global internet-business venture capitalist (VC) Accel Partners, advised by IndusLaw.

Amarchand-Ropes, Cravath, NDA-Paul Weiss bag $1bn Bain-Genpact deal

Amarchand Mangaldas Mumbai and Delhi advised Bain Capital with US firm Ropes & Gray in the $1bn purchase of 30 per cent of shares in global outsourcer Genpact, which was advised by Cravath Swaine & Moore. Two selling private equity funds were assisted by Nishith Desai Associates and Paul Weiss.

PXV opposite NDA in early stage Patni-family TranServ VC deal

credit-cards
credit-cards
Exclusive: PXV Law Partners advised its long standing client, prepaid payments program manager TranServ, in its sale of equity to venture capital (VC) fund Nirvana Venture Advisors, which was advised by Nishith Desai Associates.

JSA, NDA, Fox Mandal, Linklaters, 40 advisers go Dutch on Rs 770 cr Godrej investment

Dutch-cheese-maidens
Dutch-cheese-maidens
Exclusive: J Sagar Associates (JSA), Nishith Desai Associates (NDA), Fox Mandal, international law firms Linklaters and two European firms, advised a consortium of investors led by Dutch pension services provider APG, in their Rs 770 crore ($141m) co-investment in Godrej’s Indian residential projects.

Khaitan, Wadia, Weils bring hospital under Advent PE care for $105m

Khaitan & Co and Weil Gotshal & Manges advised UK-based Private Equity (PE) fund Advent International Corporation in its Rs 552 crore ($105m) purchase of equity in Hyderabad-based hospital Quality Care India which was advised by Wadia Ghandy. Khaitan & Co corporate partners Haigreve K...

Trilegal, S&R do legal logistics for $33m VRL stake by New Silk Route

Trilegal’s Mumbai office advised Karnataka-based logistics and transport company VRL Logistics in a Rs 175 crore ($33.2m) acquisition of its equity and compulsory convertible preference shares, by South-east Asia focused private equity (PE) firm New Silk Route (NSR), which was advised by S&R As...

Luthra for PE triple-team in Rs 130cr Manappuram gold stake with Amarchand

Luthra & Luthra represented private equity funds Barings Private Equity Partners, Siguler Guff and Sequoia Capital on their 4 per cent equity investment in listed gold loan company Manappuram Finance, which was represented by Amarchand Mangaldas’ Bangalore office. Luthra and Luthra Delhi-based ...

AZB first for Louis Vuitton PE in Fabindia Rs 275 cr sales with Luthra, Menon, Vig

India, fabricating fabulous kurtas since 1960
India, fabricating fabulous kurtas since 1960
AZB & Partners has for the first time advised L Capital, the private equity arm of luxury goods giant Louis Vuitton Moët Hennesy (LVMH), which bought 8 per cent in Indian clothes and lifestyle product retailer Fabindia from Wolfensohn Capital Partners, which was represented by Luthra & Luthra. Menon Associates is understood to be representing Premji Invest on its 7 per cent investment.