J Sagar Associates (JSA)
“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.
J Sagar Associates (JSA) regulatory disputes retained partner Apoorva Misra has resigned effective 30 June 2018 to join “India’s leading power transmission company” as head of claims management for its global infrastructure business, according to a press release from JSA.
Global leader in mobility safety, US-based Key Safety Systems has completed the global acquisition of the bankrupt Japanese car safety systems maker Takata Corp. for $1.58 billion through a combination of equity and debt, to merge and form a combined entity re-branded as Joyson Safety Systems and is headquartered in Michigan, US, reported Economic Times. The deal earlier announced on June 25, 2017, was funded by a consortium led by Joyson Electronics and Asia-based PE firm PAG Asia capital and did not involve liabilities related to the recall of Takata’s ammonium nitrate airbag inflators.
Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.
SAM, Indus, Themis, ‘Sheds on Paytm $25m buy in Nearbuy-Little Internet; JSA, Winston US for Groupon
Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.
J Sagar Associates (JSA) has promoted 3 to salaried partner level, following its promotion of four new equity partners in February.
J Sagar Associates (JSA) Bangalore equity partner Murali Ananthasivan has gone independent to become an independent counsel again.
J Sagar Associates (JSA) equity partner Mansoor Ali Shoket and ex-JSA salaried partner-turned-in-houser Nitin Kala have started Delhi-based regulatory boutique RegLaw Chambers.
J Sagar Associates (JSA) senior associate Puja Priyadarshini, is set to join HSA Advocates in mid-April as associate partner.
J Sagar Associates (JSA) acted as the Indian legal advisors to the Marvell Technology Group in the transaction and was represented by partner Probir Roy Chowdhury along with principal associate Vishnu Nair.