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Trilegal, SAM help Kora invest $75m into Edelweiss Financial Services with 6 foreign firms

Financial Services focused Edelweiss Group ... said US-based Kora Management will invest up to $125 million (around ₹875 crore) in the group. Kora Management, an investment firm focused on financial and technology sectors across emerging markets, is already an investor in Edelweiss. Kora has committed to invest $75 million (around ₹525 crore) in Edelweiss’ advisory business-- Edelweiss Global Investment Advisors (EGIA) -- subject to structuring-related milestones, Edelweiss said in a statement.

Mint

Trilegal advised Edelweiss Financial Services Limited led by a team of partners Sridhar Gorthi, Kunal Chandra, Ganesh Rao and Aditya Jha, counsel Yash Bansal, senior associates Deep Choudhuri, Tanaya Achar, Divya Hazra and Tanya Nanda, and associates Akriti Gupta and Debarati Sengupta; the due diligence team also included senior associates Aditi Nayak and Rayan Azmi, and associates Saumya Satwara, Kanika Satyan, Sharanya Sukumar, Denzil Rodrigues and Monik Damania; the competition team was led by partner Nisha Kaur Uberoi, counsel Akshay Nanda and associates: Matthew George, Rishabh Juneja, Vayshanavi Ganesh and Atreyo Banerjee.

Shardul Amarchand Mangaldas was the legal advisor to Kora Management including a team led by partner Jay Gandhi, principal associate Abhishek Parekh, senior associate Unnati Divecha and associates Natalee Nanda and Namrata Mehta. The due diligence team also included associates Chirag Shah and Shrungar Bhuva. The competition team was led by partner Gauri Chhabra and associates Kajori De and Sagarika Parab.

US firm Lowenstein Sandler LLP also advised Kora Management.

The Singapore-based Baker & McKenzie.Wong & Leow prepared a vendor legal due diligence report on Edelweiss Alternative Asset Advisors Pte. Limited and Edelweiss Investment Advisors Private Limited, for Edelweiss Financial Services.

Mauritius firm YKJ Legal prepared a vendor legal due diligence report on Edelweiss Alternative Asset Advisors LLC, for Edelweiss Financial Services.

US firm Malik Law Group prepared a vendor legal due diligence report on Edelweiss Financial Services Inc for Edelweiss Financial Services.

UK firm Moore Blatch LLP prepared the vendor legal due diligence report on Edelweiss Financial Services (UK) Limited for Edelweiss Financial Services.

Hong Kong firm Hou Lau Li & Yeung prepared a vendor legal due diligence report on Edelweiss Securities (Hong Kong) Private Limited for Edelweiss Financial Services.

Deloitte Haskins & Sells was the tax advisor to Edelweiss and Kora.

2019-08-14

Deal value: USD 75 million investment in Edelweiss Global Investment Advisors.

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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