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Platinum Partners

11 October 2017

Nihar Mody, the co-founding partner of Platinum Partners and head of the Mumbai office, has retired at age 51 last week.

04 April 2017

Platinum Partners Mumbai partner Gautam Bhat with associate Abhik Ghosh and associate Ushma Marwah, and Sidley Austin led by partner Manoj Bhargava, of counsel Vivek Baid, and associate Rishabh Gupta, advised Essar on the sale of its BPO subsidiary Aegis to Capital Square partners.

28 September 2016

Vinod Dhall in collaboration with Talwar Thakore & Associates (TT&A) advised French drugmaker Sanofi on getting Competition Commission of India (CCI) approval for its $25bn asset swap deal with Germany-based Boehringer Ingelheim which was advised by Platinum Partners.

18 August 2016

"India has a new tech unicorn. Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Chinese internet giant Tencent and manufacturing firm Foxconn. The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch,” reported Techcrunch.

08 August 2016

CX Partners (a PE firm focused on the Indian mid-market) and Capital Square Partners sold for $420m its stake in Minacs to Concentrix Global Holdings Inc., a subsidiary of Synnex Corporation, as reported by the Economic Times as one of the largest in the business process outsourcing (BPO) sector, and Concentrix’ second largest deal.

21 December 2015

Desai & Diwanji advised the Bector Family and Motilal Oswal Private Equity on their Rs 450 crore ($67.5m) exit from Ludhiana based food and beverage company Mrs Bectors Food Specialities, after selling their minority stake in it. Private equity firms CX Partners, advised by Platinum Partners, and Gateway Partners, advised by AZB & Partners bought the stake. Shardul Amarchand Mangaldas advised Bectors Food.

D&D Delhi partner Rachna Jain and associates Nakul Batra and Rahul Chaddah advised the sellers on this, one of the largest packaged F&B sector private equity deals according to the firm’s press release.

Platinum Bengaluru partner Ankit Majmudar and associates Yamini Dwarakanath and Jagriti Mohata advised CX Partners.

AZB Delhi partner Sachin Mehta and Mumbai associate Vinit Nalavadi acted for Gateway Partners.

SAM Delhi partner Raghubir Menon, principal associate Gaurav Dayal and associate Aritra Roy acted for Bector Foods and its promoter Anoop Bector and his family members on the transaction.

CX and Gateway have reportedly invested Rs 450 crore in MBFSL for a 47 percent stake in the company reported Deal Street Asia.

22 June 2015

J Sagar Associates (JSA) acted for Suprajit Engineering Limited, which bought 51 per cent of equity shares of Phoenix Lamps Limited from the Actis Group, which was advised by Platinum Partners and E&Y, followed by an open offer.

JSA Bangalore partners Murali Ananthasivan and Mary Julie John, and Delhi-based partner Amitabh Kumar acted for Suprajit, with senior associate Gautam Shahi and associate Rajashree Balasubramanian. Grant Thornton was the financial adviser to Suprajit.

Platinum Mumbai partner Gautam Bhat acted for Actis.

Both buyer and target are listed on the Bombay Stock Exchange and the National Stock Exchange. SEL is a supplier of cables and components to overseas and domestic customers in the automotive and non-automotive sectors. Phoenix is the largest manufacturer of automotive lamps in India and has three subsidiaries in Europe, according to a JSA release.

SEL acquired 51% equity shares in a first tranche and will complete acquisition of the remaining non-public shareholding of Phoenix in a subsequent tranche post-completion of an open offer, reported Moneycontrol.

Karvy Investor Services acted as adviser to the open offer, without the law firms advising.

11 June 2015

Kochhar & Co advised global clinical research conglomerate the Parexel Group and its Indian group company Parexel India on buying for $100m pharma-covigilance company Quantum Solutions India, which was advised by Platinum Partners.

Kochhar senior Delhi-based partner Vijay Ravi, partner Chandrasekhar Tampi and senior associate Sumant Srivastava acted for Parexel India and the Parexel Group.

Platinum’s recent Wadia Ghandy Bangalore joinee and partner Ankit Majmudar and associate Rohan Kumar acted for Quantum and its proprietor Apurva Goswamy.

The acquisition will not significantly impact Parexel’s fiscal year 2015 revenue, reported Mint.

08 June 2015

Platinum Partners partner Nivedita Tiwari will join Cyril Amarchand Mangaldas as a partner in Delhi.

09 April 2015

GNLU Gandhinagar has already placed a total of 24 students on its Day Zero held yesterday, out of a batch of 155, of whom 115 took part in the recruitment process.

12 November 2014

BangaloreWadia Ghandy Bangalore partner Ankit Majmudar is set to leave the firm early next year.

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