Desai & Diwanji
Desai & Diwanji advised Indore-based steroids manufacturer Symbiotec Pharmalab and shareholders in the Rs 292 crore ($48m) PE investment by Actis Medal Sports, advised by Platinum Partners.
Desai & Diwanji advised auto parts maker Amtek Auto, which bought 51.2 per cent in the Jamshedpur-based JMT Auto for Rs 110 crore ($18.4m), according to VCCircle. JMT Auto was advised by Amicus.
Desai & Diwanji Gurgaon-based partner Raghav Mathur assisted by senior associates Nikhil Sachdeva and Jinni Sinha with associates Amanjot Malhi, Nakul Batra and Nitya Chadha acted for Amtek. The company made an open offer to purchase an additional 26 per cent equity in JMT for Rs 55.6 crore.
Amicus co-founding partner Shivi Agarwal acted for JMT, which had revenues of over Rs 300 crore on 31 March, according to the Economic Times. Amtek is backed by funds ChrysCapital and Warburg Pincus, and ChrysCapital also holds 30.5 per cent in JMT, according to VCCircle.
Desai Diwanji, Freshfields, Linklaters, TTA sold German machining company to India auto maker
Amarchand Mangaldas, Desai & Diwanji, Luthra & Luthra and Linklaters are advising Fortis Healthcare on its institutional placement programme (IPP) that could raise up to $58m (Rs 320 crore).
Amarchand capital markets partner Yash Ashar in Mumbai acted for Fortis, while Luthra & Luthra Delhi-based capital markets partner Madhurima Mukherjee advised the lead managers Standard Chartered, JP Morgan and Religare.
Linklaters Singapore also advised the lead managers.
Desai & Diwanji partners Vishwang Desai and Srishti Ojha and associate Ishita Kashyap advised GIC Special Investments, in relation to the foreign currency convertible bonds (FCCBs).
The price under Chapter VIII-A of SEBI’s ICDR regulations, will be no more than Rs 92 per share for up to around 35 million shares.
Desai & Diwanji has announced the promotion of five associate partners to partner in Mumbai yesterday.
Big project M&A in the project space with Desai & Diwanji and Amarchand, while a project finance take-out scheme keeps Dhir busy.
Dua Associates v Saikrishna in trademarks; PXV, Desai & Diwanji in PE.
We know what Desai & Diwanji, HSA Advocates, I&S Associates, AZB & Partners, Fox Mandal and KS Partners and others did this month.
Desai & Diwanji has promoted five associate partners to salaried partner level in the National Capital Region (NCR) following the recent loss of its office head and up to eight associates in Delhi.
Amarchand Mangaldas topped the 2012 mergers and acquisitions (M&A) India rankings released by data provider mergermarket, in terms of advising on the biggest value M&As in 2012. In terms of the total number of M&A deals advised on, Amarchand was runners up to third-time leader Desai & Diwanji.
Amarchand 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..
Desai & Diwanji Delhi partner Amit Khansaheb, who had been with the firm for 18 years, has joined BMR Legal – the legal services arm of consultancy firm BMR Advisors – as a partner in order to ramp up the firm’s M&A and private equity legal practice.
DSK Legal advised India Value Fund Advisors’ (IVFA) trustee IVF Trustee Company in its Rs 1000 crore ($181m) investment in Bangalore-based Manipal Health Enterprises which was advised by Tatva Legal.
DSK Legal, with German law firm Luther LLP, advised Switzerland-based road construction equipment maker Ammann group in its Rs 280 crore ($51m) buy of 70 per cent equity in Gujarat’s Apollo group’s road-equipment business. Apollo was advised by Desai & Diwanji.
DSK Legal Mumbai partners Raksha Kothari and Nirav Shah with associates Karuna Thapa, Gaurav Mistry and Malabika Boruah, and Luther Frankfurt partner Jorg Sommer acted for Ammann which will form a 70:30 construction equipment joint venture (JV) with Apollo Earthmovers, according to DSK Legal.
Desai & Diwanji Mumbai partner Vihang Virkar with associate partner Aneesh Gupte acted for the Apollo Group.
The newly formed road-construction equipment JV – Apollo Construction Equipment (ACEL) - is valued at Rs 400 crore and Apollo group’s asphalt plants and the paver business will be transferred to ACEL on a slump sale basis, according to VC Circle.
Exclusive: Desai & Diwanji has acted for Eureka Forbes in its 50:50 joint venture (JV) with Khaitan & Co-advised Waterlogic, which will develop water purification products together over five years, investing $10m (Rs 54 crore).