AZB & Partners
Majmudar & Partners equity partner and infrastructure and projects practice head Prashanth Sabeshan left the firm today to join AZB & Partners as a partner next week.
Linklaters and Talwar Thakore Associates (TTA) advised the lending and underwriting banks on Tata Steel UK Holdings, which took a term loan and revolving credit facilities of $3.05bn to refinance its bank debt.
Linklaters London partner Narayan Iyer, who had rejoined Linklaters a year ago from TTA, and Singapore partner Philip Badge, and capital markets partner Kevin Wong and TTA partner Rahul Gulati acted for the banks.
JSA and Slaughter & May advised Tata.
The new financing structure consists of a five-year loan of a €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favourable terms and pricing relative to the earlier debt, reported Mint.
AZB & Partners has hired the Australian Competition and Consumer Commission’s (ACCC) former assistant director Fadi Metanios as a senior consultant in its Delhi competition team.
AZB & Partners senior partner and chief executive officer (CEO) Abhijit Joshi will leave by 15 November.
Wadia Ghandy partner Vijay Sureka joined AZB & Partners as a senior associate in Mumbai on 1 October.
J Sagar Associates (JSA) advised German shipping and logistics provider Dachser in acquiring 50 per cent shares of Dachser India from its local joint venture partner the AFL Group which was advised by AZB & Partners.
JSA Bombay M&A partner Sandeep Mehta, senior associate Arup Pereira and associates Punita Gupta and Adil Ladha acted for Dachser. AZB Mumbai partner Abhijit Joshi, senior associate Anand Shah and associate Navroz Vakil acted for the AFL Group.
This deal was part of a larger transaction by which Dascher acquired AFL's stake in a separate JV in Thailand and majority stake in another venture in Bangladesh, according to VC Circle.
AZB & Partners advised dialysis service provider DaVita Healthcare Partners in buying 49 per cent stake in Express Clinics which was advised by Economic Laws Practice (ELP).
AZB Mumbai partner Alka Nalavadi and senior associates Percis Anklesaria, Vijay Manjrekar and Arvind Ramesh acted for Davita.
ELP Mumbai partner Sujjain Talwar, associate partner Vinayak Burman, senior associate Archana Khosla and associate Amoolya Narayan acted for Express and its existing shareholders Somerset and Lotus Management.
DaVita had entered the Indian subcontinent in 2011, acquiring a strategic stake in NEA backed NephroLife Care according to Deal Curry.
SEBI has banned real estate giant DLF and six managers from the capital markets for three years after a finding of fraud.
J Sagar Associates advised Bay Capital Investment Managers and the promoters of Sterling Holiday Resorts India on selling Sterling for Rs 870 crore to the Prem Watsa-backed Thomas Cook India, which was advised by AZB & Partners.
JSA Mumbai partners Sandeep Mehta and Rajesh Pal and senior associate Malav Shah acted for Bay Capital and Sterling’s promoters. AZB partner Ashwin Ramanathan, senior associate Bhavi Sanghvi and associate Rinki Ganguli acted for Thomas Cook.
This is Thomas Cook India's second purchase after Ikya Human Solutions in February 2013 and marks its foray into the hospitality sector, reported the TOI.
Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.
AZB & Partners in Mumbai has promoted Vaidhyanadhan Iyer to its partnership.
AZB & Partners came out on top of a 2014 first-half-year league table released by corporate analytics company Venture Intelligence, recording 22 deals worth more than $2bn.
Madhurima Mukherjee, who had left Luthra & Luthra a year ago, has joined AZB & Partners in Delhi as a capital markets partner, according to several authoritative sources.
Mergermarket Q1 M&A value leader AZB & Partners slipped to seventh spot in 2014’s half-yearly rankings, while Q1 ninth-ranked Amarchand made up the lag to top spot.