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Khaitan, S&R advise on Dutch dev bank on $37m investment in social capital fund Aavishkaar

metadesc: Khaitan & Co advised Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO) led by partner Siddharth Shah, principal associate Vinita Choudhury, associate Tanvi Arora, and associate Saumya Kakkar with assistance from senior associate Rohit Jayaraman, associate Khusboo Agarwal, associate Minal Sangatwani, associate Akash Srinivasan and associate Pranav Sethi on due diligence aspects. partner Ritu Shaktawat and senior associate Sneh Shah advised on the direct tax aspects.

Aavishkaar Group, one of the world’s largest impact investors, has raised $37 million (about Rs 262 crore) in fresh financing from Dutch development finance institution FMO, as the Mumbai-based social capital investor looks to push further into Africa and Southeast Asia. “We are in the third phase of our consolidation, where we have invited FMO to join as a shareholder in the group, right at the top.

The Economic Times

Khaitan & Co advised Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO) led by partner Siddharth Shah, principal associate Vinita Choudhury, associate Tanvi Arora, and associate Saumya Kakkar with assistance from senior associate Rohit Jayaraman, associate Khusboo Agarwal, associate Minal Sangatwani, associate Akash Srinivasan and associate Pranav Sethi on due diligence aspects. partner Ritu Shaktawat and senior associate Sneh Shah advised on the direct tax aspects.

Update 3 October 2019: S&R Associates advised Aavishkaar group led by a team of partner Viral Mehta and including associates Pooja Singhania, Vidhi Sharma, Gunit Kaur and Sarangan Rajeshkumar.

2019-09-09

Deal value: USD 36.5 million

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.

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