Universal Legal
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.
Trilegal, Amarchand Mangaldas, Singh & Singh, Link Legal, AZB & Partners, Vichar Partners, Universal Legal, Dua Associates, DSK Legal, White & Case, Nishith Desai & Associates, Desai & Diwanji, and more in the latest top instructions for law firms and lawyers…
Exclusive: Amarchand Mangaldas advised French electrical and digital building infrastructure major Legrand Group in its Rs 837 crore ($171m) acquisition of Chennai-based Numeric Power Systems’ uninterruptible power supply (UPS) business, which as advised by Universal Legal.
Exclusive: Desai & Diwanji advised private equity house Olympus Capital Asia Investments in its purchase of over Rs 500 crore ($100m) in DM Healthcare, which was advised by Universal Legal’s Chennai office, with the exiting investors India Value Fund represented by DSK Legal.
Read Legally India’s December and late November deals round-up to find out what friends and colleagues have been up to.
Four senior counsel and Naik in SLP against immovable property rental service tax; AZB Bangalore Muthoot debentures; Universal-Wadia Ghandy Pizza Hut deal; Infrastructure India windfarm buy with 3 foreign firms and KhaiCo, MMB; ANM for Godrej in cyber squatter; Rs 200 crore P&A Kemrock buy; Amarchand Essar delisting.
European publishing giant enters India with Associated Law Advisers, Universal Legal for Chennai e-publisher, Khaitan gets close to HDFC’s new investment banking head, and more…
Amarchand, Anup Shah on $200m for Blackstone Bangalore investment; Majmudar structures KPMG Indian backoffice with Sidleys; and more…
Exclusive: Entrepreneurial ambitions have encouraged three partners from Universal Legal, Dua Associates and Paras Kuhad Associates to start a new law firm in Chennai under the banner Vichar, which in Sanskrit means idea, thought or opinion.
Bangalore-headquartered firm Universal Legal has opened a Mumbai office with one partner and two associates in the Mahalaxmi area.
Bangalore headquartered Universal Legal has hired a Luthra & Luthra senior associate as a Delhi partner while the firm prepares to open in Mumbai as a precursor to becoming a fully national firm.