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AZB & Partners

17 April 2013

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

11 April 2013

Q1 M&A: In terrible shape AZB & Partners did the greatest number of deals (13) in the first quarter of this year, according to the mergermarket M&A deal rankings.

05 April 2013

LadderSelection process at firm still continuing.

28 March 2013

Vineetha MGNDR + AZB alum MG = new national firm Samvad Partners.

26 March 2013

image6 deals spanning private equity and high finance with Amarchand, AZB, Lexygen, Luthra, KSP, SNG…

18 March 2013

J Sagar Associates (JSA) and DLA Piper advised multinational certification services firm Bureau Veritas (BV), which will buy Indian and middle-eastern industrial-testing firm Sievert.

Sievert was advised by AZB & Partners Bangalore partner Srinath Dasari, senior associate Nanditha Gopal, and associate Veena Ganesh.

JSA Mumbai partner Sandeep Mehta with associates Aarti Iyer and Adil Ladha, and DLA Piper Middle East regional managing partner Abdul Aziz Al-Yaqout, legal director Diwakar Agarwal and associate Zara Merali acted for BV which will likely complete the acquisition in May 2013, according to its press release.

Sievert reported revenue of $33m in 2012, according to BV, and is engaged in the testing, inspection and certification using non-destructive technique businesses in India and the Middle East.

11 March 2013

We know what Desai & Diwanji, HSA Advocates, I&S Associates, AZB & Partners, Fox Mandal and KS Partners and others did this month.

21 February 2013

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 Capital. WestBridge was advised by AZB & Partners.

Majmudar Bangalore partner N Raja Sujith acted for Burill which is a diversified global financial services firm focussed on the life sciences sector.

Trilegal Bangalore partner Kosturi Ghosh acted for Strand in what Biospectrum Asia reported was a series B financing by Burill.

AZB & Partners Bangalore partner Srinath Dasari acted for WestBridge – a series A lead investor in Strand, which according to Startup Central had picked up a 20 per cent stake in the company for a reported $1.9m in 2002.

19 February 2013

AZB & Partners advised India-focused infrastructure fund Macquarie SBI in its Rs 206 crore ($40m) buy of 74 per cent equity in the GMR group’s road project GMR Jadcherla Expressways (GJEL). GMR was advised by Link Legal.

AZB & Partners Mumbai co-founding partner Bahram Vakil, with senior associate Qais Jamal, acted for Macquarie SBI, which expanded its road portfolio. Macquarie SBI had two years ago invested in GMR infrastructure’s airport subsidiary, as reported in Mint at the time.

Link Legal Delhi corporate partner Anand Srivastava and senior associate Milind Jha acted for the GMR group, which is operating the Farukhnagar-Jadcherla highway in Andhra Pradesh under a concession agreement signed with the National Highway Authority of India, according to a GMR press release.

14 February 2013

Khaitan & Co advised the British ITE group’s Cyprus-based subsidiary Airgate in its Rs 122 crore (£14m) buy of a 28.3 per cent stake in event management company Asian Business Exhibition and Conferences (ABEC), which was advised by AZB & Partners.

Khaitan & Co Delhi corporate partner Bharat Anand and direct tax executive director Daksha Baxi acted for Airgate, which bought the stake from Qatar’s investment bank Qinvest.

AZB & Partners Mumbai partner Shameek Chaudhuri acted for ABEC which runs 19 exhibitions across 11 vertical markets including construction, architecture, design, education, lifestyle, real estate, and oil & gas.

13 February 2013

AZB & Partners advised business process outsourcing firm Genpact in its buy of India-based healthcare payer industry service provider Felix Software Solutions, which was advised by US attorney Cyrus Kashef.

AZB & Partners Delhi partner Vinati Kastia with senior associates Bharat Bahadur and Daksh Trivedi acted for Felix. Felix was bought by Genpact as part of its purchase of the US-based Jawood, which had sub-contracted Felix, according to the Financial Express.

The healthcare payer industry is seeing enormous growth due to regulatory changes, including creation of health insurance exchanges, and the development of alternative risk and payment models, stated a report in the Economic Times.

11 February 2013

AZB & Partners advised British travel major Thomas Cook’s erstwhile Indian subsidiary in buying a 74 per cent stake in upcoming Indian staffing company Ikya Human Capital Solutions for Rs 256 crore ($47.6m). Ikya was advised by Amarchand Mangaldas.

AZB & Partners Mumbai partner Ashwin Ramanathan with senior associates Nandish Vyas and Bhavi Sanghvi acted for Thomas Cook (India) and Canadian investment company Fairbridge Capital which had acquired the Indian subsidiary from the UK’s Thomas Cook PLC in May last year.

This, according to the Economic Times, was Fairbridge’s first acquisition after the Thomas Cook buy.

Amarchand Mangaldas Bangalore partner Reeba Chacko with principal associate Akshay Bhat acted for Ikya.

The deal marks the complete exit of venture capital fund India Equity Partners from Ikya, reported VCCircle. India Equity Partners had bought a 59 per cent stake in the Bangalore-based staffing firm since 2008.

07 February 2013

AZB & Partners advised oil and gas conglomerate Reliance Industries on the issuance of Rs 4,300 crore ($800m) of 5.875 per cent senior perpetual notes.

05 February 2013

M&A and financings from the last three weeks starring Amarchand Mangaldas, AZB & Partners, J Sagar Associates (JSA), HSA Advocates, Khaitan & Co, Talwar Thakore & Associates, and Khaitan Sud & Partners.

25 January 2013

AZB & Partners advised the Dabur India promoters, the Burman Family, which picked up around Rs 50 crore ($9m) stake in DMI Finance, which was advised by start-up Amicus Advocates & Solicitors.

15 January 2013

Vineetha-MG Vineetha MG, who left AZB & Partners late last year to start up her own Mumbai firm, which now numbers seven lawyers, has completed her first financing deal.

14 January 2013

imageAmarchand Mangaldas acts on a hoard of financings, while Luthra & Luthra sticks to the markets. Also in this deal round-up: JSA, Crawford, Tatva, AZB, Kochhar, Desai & Diwanji, Trilegal, Linklaters, Clifford Chance, Jones Day, Allen & Overy, Milbank, and other foreign firms..

20 December 2012

AZB & Partners advised veteran client diversified technology and manufacturing major Honeywell Asia Pacific in its Rs 130 crore ($25m) sale of 6.24 per cent stake in its subsidiary Honeywell Automation India in an offer for sale through the stock exchange (OFS).

Amarchand Mangaldas and Herbert Smith Freehills advised Deutsche Equities India which was the stock broker for the OFS.

AZB & Partners Delhi co-founding partner Ajay Bahl with partner Anil Kasturi and senior associate Aparna Mehra acted for Honeywell with which Bahl’s relationship dates back to the early 1990s, he told Legally India.

Amarchand Mangaldas Mumbai capital markets partners Yash Asher and Gaurav Gupte acted for Deutsche Equities India, with Herbert Smith Freehills Singapore counsel Siddhartha Sivaramakrishnan.

Honeywell offloaded 5,51,333 shares as part of this OFS, to bring down the promoters’ holding to 75 per cent as per SEBI’s directive on minimum public shareholding, according to Money Control.

17 December 2012

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Nine of the biggest recent deals and cases. Click on to read who bagged them…

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