French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allotment and secondary purchase of shares,” FLFL said .
— The Economic Times

Economic Laws Practice (ELP) advised Future Lifestyle Fashions Limited (FLFL) led by a team of partner Darshan Upadhyay, partner Bhavin Gada, senior associate Manendra Singh. The firm advised FLFL and sellers on the transaction, including drafting and negotiation of the transaction documents. The transaction is a combination of primary and secondary purchase (through block deal), involving issuance of equity shares to Spectacular, and sale of shares by a promoter entity and Premji Invest to Spectacular.

Shardul Amarchand Mangaldas was adviser to Spectacular Investment / L Catterton Asia.

Cyril Amarchand Mangaldas represented Premji Invest.

2018-05-21

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.