PXV Law Partners
Khaitan & Co has completed its acquisition of the practice and teams of three co-founding partners of PXV Law Partners.
Three co-founding equity partners of PXV Law Partners, Deepto Roy, Mohit Abraham and GT Thomas Phillippe, are set to join Khaitan & Co as associate partners by 1 August.
PXV Law Partners and French best friend law firm DS Avocats advised French defence electronics group NSE Industries in a joint venture with Bangalore-based Hical Technologies, which was advised by J Sagar Associates (JSA).
PXV Delhi partner GT Thomas Phillippe and DS Advocats Paris partner Olivier Monange acted for NSE Industries, which received the Foreign Investment Promotion Board’s (FIPB) approval for this Rs 1 million ($17,000) foreign direct investment in May of this year.
JSA Bangalore partner Murali Anandasivan and senior associate Mary Julie John acted for Hical.
PXV Law Partners Mumbai partner Deepto Roy acted for long-time client Glocal Hospitals in its Rs 25 crore ($4m) investment by SIDBI Venture Capital. Kochhar & Co Gurgaon-based partner Anjuli Sivaramakrishnan acted for SIDBI.
Dua Associates v Saikrishna in trademarks; PXV, Desai & Diwanji in PE.
PXV Law Partners advised its old client Aurora Integrated Systems and its promoters in selling out to Tata group’s Tata Advanced Systems (TASL) which was advised by AZB & Partners.
PXV Law Partners partners Deepto Roy and Pingal Khan with associate Namritha Joseph acted for the Bangalore-based Aurora which claims to be India’s leading system integrator offering field tested UAS technology. It started up in March 2011, backed by the Tata group.
AZB & Partners Bangalore partners Vivek Bajaj and Niyatha Srinivasa with associate Vydyanathan L acted for TASL which is the wholly owned aircraft and defense systems subsidiary of Tata Sons.
PXV Law Partners, together with its French best friend firm DS Avocats, acted for French $1.9bn agricultural conglomerate Groupe Limagrain that bought Delhi-based vegetable seeds maker Century Seeds, represented by Bangalore firm Narasappa Doraswamy Raja.
PXV stepped up with partners GT Thomas Phillippe and Anuj Sahay and senior associate Shivani Chugh for Groupe Limagrain, which also drew on French firm DS Avocats partner Olivier Monange at home.
DS Avocats had entered into a best friendship with RDA Legal, as PXV was called in 2010.
Narasappa Doraswamy partner Harish Narasappa represented Century Seeds.
According to the Economic Times the French company paid between Rs 140-145 crore ($25-26m) in an all-cash deal, in one of the largest M&A deals in the seeds space.
Exclusive: PXV Law Partners advised its long standing client, prepaid payments program manager TranServ, in its sale of equity to venture capital (VC) fund Nirvana Venture Advisors, which was advised by Nishith Desai Associates.
Exclusive: Arindam Pal, who had left PXV Law Partners late last year with co-founding partner Rohit Das but ended up starting Augustus Law Chambers in Kolkata independently, is planning to aggressively expand the six-lawyer firm to other cities.
Exclusive: PXV Law Partners’ founders have agreed to separate, with managing partner Rohit Das and co-founding partner Arindam Pal reverting into the RDA Legal brand name in Mumbai and Kolkata, while the six remaining partners would continue in Delhi and Bangalore under the PXV banner. Both firms intend to restart offices to become national firms again.
Exclusive: Mohit Abraham, an equity partner at PXV Law Partners and the topper of the previous advocates-on-record (AOR) exam in November 2011, tells Legally India everything you have ever wanted to know about the AOR exam and whether there is any point to the designation.
Exclusive: PXV Law Partners and Indus Law Advocates have advised on Rs 15 crore venture capital investment in a start up Glocal Hospital by private equity firms Sequoia Capital and Elevar Equity to develop health care facilities in rural West Bengal.
Less than three-year-old firm RDA Legal has re-branded to PXV Law Partners and started an office in Mumbai by relocating its newly elected managing partner Rohit Das, while hiring three lateral senior associates from Amarchand, AZB and P&A as lockstep partners.