Aéroports de Paris (AdP) S.A.proposed to invest INR 10,780 crore in GMR Airports Limited. The transaction involves an acquisition of an aggregate 49% stake in GMR Airports Limited in two tranches. The second tranche of the transaction is subject to approvals from regulatory authorities, according to an AdP press release and press reports.

S&R Associates advised Aeroports de Paris SA led by partner Rajat Sethi on transactional and M&A aspects with partner Mohit Gogia, associate Lakshmi Pradeep, associate Meher Mehta, associate Sushmita Sur, associate Anindhya Shrivastava, associate Ajatshatru Pandey, associate Yash Kumar, associate Shinjan Alok, associate Aashima Bhatia; competition law matters were advised by competition head Simran Dhir, associate Dhruv Agarwal, associate Ishika Rout.

Hogan Lovells International LLP’s Paris and London offices acted as international legal advisers to the acquirer.

Shardul Amarchand Mangaldas acted as legal advisers to GMR Airports Limited led by a team of projects and infrastructure partners Jatin Aneja and V R Neelakantan, principal associate Veena Kolachina, associates Arpita Sharma, Charu Mehrish, Suranjan Shukla, Arushi Dua, Lipsa Acharyya, Thejesh R and Kriti Shukla. In matters of labour law, principal associate Vaibhav Bhardwaj and associate Anjuli Marwah helped in the transaction. Additionally, partners Harman Singh Sandhu and Yaman Verma with associate Sonali Charak advised in matters of competition law.

Philippines-based law firm Accra Law advised GMR Airports Limited on competition-related issues.

SyCip Salazar Hernandez & Gatmaitan - Philippines-based legal advisers to the acquirer, Aeroports de Paris, on competition related matters.

Zaoui & Co was the international financial and strategic advisers to the acquirer.

KPMG India was the Indian financial and tax advisers to the acquirer.

PricewaterhouseCoopers was financial and tax adviser to the target.

2020-02-20

Deal value: INR 10,780 crore

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.