Trilegal
Vaish Associates advised auto-parts maker Amtek India in raising Rs 375 crore ($70mn) through issue of 2.5 per cent foreign currency convertible bonds (FCCB). Linklaters and Trilegal advised the Singapore-incorporated DBS bank which was the guarantor, and the bank’s Indian branch which was the lead manager in the issue.
Vaish Associates Delhi partner Satwinder Singh with principal associates Manish Tully and Sushma Mathur and associate Sougata Kundu acted for Amtek India, which issued FCCB convertible at Rs 103.005 per equity share of the company according to Post Jagran.
Trilegal Mumbai partner Srinivas Parthasarthy with senior associate Anil Choudhary and associates Priyanka Kumar and Smriti Bahety, and Linklaters Singapore counsel Aditya Shroff acted for DBS Bank India and Singapore.
The issue, raised on the Bombay Stock Exchange (BSE), is Amtek’s second round of FCCB-fund raising in less than six months. Vaish Associates also advised the company in the first round in April 2012, when funds worth Rs 650 crore ($130m) were raised on the Singapore Stock Exchange.
Exclusive: Trilegal, which is claimed to have been growing at 25 per cent per year, has converted into nearly a full equity partnership, created an elected management committee and a democratic model where the founding partners could theoretically be ousted by an equity partnership vote.
Legally India was candidly walked through the changes and examines the back story to the end of its best friendship with Allen & Overy (A&O), the grief lawyers can cause, one-way referrals and the inevitability of associate attrition when a firm has to run fast without godfathers.
Breaking: Law firms Allen & Overy and Trilegal have ended their five-year best friend relationship, according to a press release from both firms.
The latest deals in one place: Khaitan for Kingfisher, Heidelberg, Hutchison Whampoa | AMSS for Mitsui, Schneider, Alstom, Siemens, RTL, IDFC | Siemens: AMSS-Jones Day & more.
Corporate M&As continued to buttress law firm activity, while one NUJS graduate sweated it out with a high profile Delhi high court case. Khaitan & Co also kept busy in finance and capital markets, and projects and private equity proved solid.
Trilegal advised ICICI Bank and a consortium of lending banks in the Rs 8,300 crore ($1.5bn) debt restructuring of Mumbai-based engineering and construction major Hindustan Construction Company (HCC) which was advised by Amarchand Mangaldas.
Juris Corp, I&S Associates, Indus Law, MDP & Partners, along with Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Luthra & Luthra, Trilegal and others kept busy on 15 selected deals.
M&As and capital markets transactions take a marginal lead over litigation, competition and private equity and venture capital deals, in our three-week roundup.
This fortnight’s deals package conspicuously features international investors, not only in terms of cross-border M&As and investments but also on the litigation side.
AZB & Partners and international law firm Shearman & Sterling advised a Canadian financial holdings company’s investment subsidiary Fairbridge Capital in its purchase of 76.81 per cent equity for Rs 817 crore ($150m) in British holiday maker Thomas Cook Group’s (TCG) Indian subsidiary Thomas Cook India (TCIL). TCG was advised by Trilegal with international best friend law firm Allen & Overy.
Exclusive: Legal Process Outsourcing Unit (LPO) Pangea 3 was the only recruiter visiting HNLU Raipur’s rural Abhanpur campus for the class graduating this year, but 19 out of 60 total students secured jobs across 10 law firms, two LPOs and a company. The Recruitment Coordination Committee (RCC) placed 12 out of its 31 subscribers from the graduating batch.
Exclusive: 57 out of a class of 100 NUJS Kolkata students graduating this year secured jobs with 26 organizations, through a mix of campus recruitment and applying independently, while almost a third of the remaining class opted to appear for civil and judicial service exams.
25 out of 76 students in NLSIU’s class of 2013 were placed across seven law firms and a foreign firm after 47 students participated in the law school’s so-called “Day Zero” on 12 May 2012, when six law firms and a foreign firm visited the campus.
Amarchand Mangaldas, Trilegal and Majmudar have hired 14 fourth-year students from NLU Jodhpur, as the final year has seen 45 41 job offers for 51 52 campus placement participants.
Last month’s largest deals and the legal advisers that guided and benefited from them.
Exclusive: Around 40 fourth-year students at Nalsar Hyderabad, GNLU Gandhinagar and NLIU Bhopal have been hired by law firms led by Amarchand Mangaldas and Trilegal, after the three colleges held their so-called recruitment “day zero” events weeks ahead of traditional first mover NLSIU Bangalore.
The latest and greatest deals and cases not yet covered, rounded up for you in one convenient bite-size package.