Universal Legal
Universal Legal promoted GLC Mumbai 2013 alumnus Shreya Deora to senior associate with effect from 10 June 2017.
“Drug firm Strides Shasun today said it has inked a pact with Vivimed Labs to set up two joint venture firms,” reported PTI.
HLE Engineers made an offer to buy a majority stake in Swiss Glascoat Equipments for $9.4m. Vivro Financial Services is the manager to the open offer, according to the Bombay Stock Exchange announcement.
Universal Legal advised Carlyle-backed Newgen KnowledgeWorks on acquiring a majority stake in Pune-based digital learning and software company Exult Infosolutions which was advised by LegaLogic Consulting.
The details of the transaction has been removed since initial publication at the request of JSA.
Bangalore-headquartered firm Universal Legal, which also has offices in Chennai, Mumbai, Delhi and Chandigarh, has opened up in Ahmedabad under partner in charge Aayush Modi.
Kochhar & Co has hired former associate director legal (South Asia) of the Carlson Rezidor Group, Sumit Phatela, as a partner in its Gurgaon office’s corporate, banking and finance practice.
Phatela was previously working with the office of general counsel of Ernst & Young India, and had been at the banking & finance team of SNG & Partners’ Delhi office for five years, according to a press release from Kochhar.
Legally India reported earlier today that Kochhar also hired Universal Legal partner Gaurav Chatterjee in Chennai.
Advaya Legal has expanded its Mumbai footprint with Universal Legal Mumbai founding partner Sharanya G, only several months after starting a small Delhi office.
Desai & Diwanji, DSK Legal and Universal Legal reprised their roles in Aster DM Healthcare's second fundraising round.
Universal Legal Chennai partners Kavitha Vijay and Sameena Chatrapatty acted for DM.
On the repeat investor side, DSK partner Narendra Dingankar and associate Mayank Mehta acted for India Value Fund and Desai & Diwanji partner Siddharth Mody and associates Ashraf Lala, Manav Shah and Ankesh Jain acted for Olympus.
DM Healthcare raised a further $65m from Olympus and IVF, reported the Economic Times.
The same firms had also acted on the initial $100m investment in 2012, as reported by Legally India at the time.
Universal Legal made up three new partners in its Bangalore and Chennai offices.
Universal Legal advised Andhra Pradesh-based Rainbow Hospitals, in which the UK-government owned CDC and private equity investor Abraaj Group invested Rs 100 crore ($16m). Wadia Ghandy advised the CDC and Abraaj Group.
Universal Legal Chennai-based partner Kavitha Vijay and senior associate Sameena Chatrapathy acted for the 14-year old paediatric and maternity healthcare business in AP, which currently has 450 beds but will expand after this business.
Wadia Ghandy Bangalore partner Ankit Majumdar and senior associate Anubhav Agarwal acted for the investors. This was CDC’s first direct equity investment and it intends to invest $1bn in India in the financial services sector, healthcare, renewable energy, and consumer-related businesses, according to the ET.
Big project M&A in the project space with Desai & Diwanji and Amarchand, while a project finance take-out scheme keeps Dhir busy.