Mergers and Acquisitions

Representative Matters

• Our Corporate and Commercial Advisory practice is well equipped to steer a transaction from start to finish. Known for our expertise on all ancillary aspects of a transaction such as post acquisition advisory, regulatory approvals, corporate secretarial and on-going compliance matters, we use an integrated approach working with multiple practice experts to identify the optimal strategy and structure for a client.
• Our team advices companies, directors, shareholders, partnerships, limited liability partnerships, trusts and other business entities on a range of transactional and regulatory matters, in relation to
• Structuring and setting up operations in India, including applying for and obtaining requisite approvals
• Legal and regulatory implications in the context of a business structure, including Company Law, corporate social responsibility, directors duties and FDI

Partnership and Limited Liability Partnership matters

• Structuring, drafting and negotiating commercial contracts including consultancy, confidentiality, services, strategic alliance, distribution, franchising, marketing, teaming, joint venture licenses, technology licensing, technology transfer to name a few
• Advised Groupe Renault (France) on rebalancing of its global alliance with Nissan (Japan). This is one of the largest restructuring transactions in the automobile sector.
• Represented Novo Holdings, in its pre-IPO secondary purchase of shares of Medi Assist Healthcare Services Limited, India’s largest health benefits’ administrator. Prior to the listing, Novo Holdings had acquired 6% of the pre-offer share capital.
• Represented Sapala Organics Private Limited and its existing shareholders, in connection with the execution of definitive agreements with Suven Pharmaceuticals Limited, for the acquisition of 100% of its equity shares.
• Acted for and advised the Ujjivan Group’s listed companies -Ujjivan Financial Services Limited, an RBI registered Listed NBFC, on the Reverse Merger into and with its subsidiary company viz; Ujjivan Small Finance Bank Limited, a listed Bank. The said reverse merger received the final sanction of the Hon’ble National Company Law Tribunal, Bangalore. This deal value is approx. INR 70 billion.
• Acted for and advised the promoters of Netrack Enclosure Private Limited engaged in the business of manufacturing of servers, networking racks, acoustic racks and cold containment, including, cabinet work, mechanical assembly work, in-sheet metal work, in the divestiture of 100% shareholding in Netrack to Legrand.
• Advised One97 Communications Ltd. (Paytm), in connection with its agreement to sell its entertainment ticketing business for a cash consideration of INR 2048 Crore to Zomato Limited.
• Advised the promoters of Paper Boat Apps Private Limited, Anupam and Anshu Dhanuka, in the sale of their 48.42% stake to Nazara Technologies Limited, a listed company, for INR 300 Crore. Paper Boat Apps is the developer and publisher of popular children’s digital gamified learning app ‘Kiddopia’.
• Advised Crystal Crop Protection Limited (Crystal Crop) in its acquisition of the ‘Sadanand’ brand of cotton seeds from Kohinoor Seed Fields India Private Limited (Kohinoor).
• Represented, Pocket Aces Pictures Private Limited, through its board of directors and its founders, Aditi Shrivastava, Ashwin Suresh and Anirudh Pandita, in relation to its acquisition by Saregama India Limited.
• Advised ArcelorMittal and Nippon Steel Corporation, in their acquisition of Essar Steel India Limited, an integrated steel producer with an annual capacity of 10 Million tonnes under a corporate insolvency resolution process, in a deal valued at approximately USD 7 Billion.
• Assisted K2 Partnering Solutions, a global player engaged in providing unique end-to-end consultative technology solutions in software space in its acquisition of Openlogix, a US-based technology consulting firm specializing in digital transformation and software development. The transaction was structured as an asset purchase transaction, preceded by internal restructuring.
• Advised SVL SME Fund in relation to its investment of up to INR 126 Crore in Nutrifresh Farm Tech India Private Limited, a leading company in the business of hydroponic farming and controlled environment agriculture.
• Advised Silveredge Technologies Private Limited, in relation to its 100% phased acquisition of Vidgyor Media Technologies Private Limited, is a leading ad-tech company for an undisclosed amount.
• Acted for and advised Capri Global Holdings Private Limited, on acquisition of 51% stake in car selling platform, CarLelo.
• Represented H.G. Infra Engineering Limited, in the sale of its entire shareholding in its four wholly owned subsidiaries, namely, (i) H.G. Ateli Narnaul Highway Private Limited; (ii) H.G. Rewari Ateli Highway Private Limited; (iii) Gurgaon Sohna Highway Private Limited; and (iv) H.G. Rewari Bypass Private Limited to Highways Infrastructure Trust, an infrastructure investment trust launched by KKR.
• Advised Sequoia and Lightspeed, in the recent Series A round of investment in CredAvenue Private Limited.
• Assisted Dr. Lal Path Labs Limited in the acquisition of 100% of the equity share capital of Suburban Diagnostics (India) Private Limited.
• Advised Honasa Consumer Private Limited (Mamaearth/ HPCL) on its acquisition of the majority shareholding of Fusion Cosmeceutics Private Limited (Dr. Sheth’s) by way of primary and secondary transactions.
• Advised Upwards Fintech Private Limited on its acquisition by Lendingkart for INR 100 Crore.
• Advised Viyash Life Sciences Private Limited (a Carlyle portfolio company) on the acquisition of (i) 100% stake in Appcure Labs; and (ii) majority stake in Appco Pharma LLC.
• Acted for and advised Interviewbit Technologies Private Limited (Scaler) in connection with its 100% acquisition of an online learning platform, AAIC Technologies Private Limited (Applied Roots), for a consideration aggregating up to USD 50 Million.
• Assisted Sunsource Energy Private Limited, its promoters and its exiting shareholder – Neev Fund: in raising capital through fresh issue of shares to SHV Energy N.V. (Investor); selling a certain percentage of their shareholding in Sunsource to the Investor; and in a complete exit through sale of its entire shareholding in Sunsource to the Investor.
• Assisted Vortiv Limited, an Australian Stock Exchange-listed technology investment company, on its acquisition of the remaining 75% of the issued share capital of Transaction Solutions International (India) Private Limited (TSI) from Urania Private Limited (Urania) and AAJV Investment Trust (AAJV). on its INR 985 Crore acquisition of Singoli-Bhatwari Hydroelectric Project – a 99 MW commissioned hydro power project in Uttarakhand, which was developed, owned and operated by L&T Uttaranchal Hydropower Limited through 100% acquisition of the company from L&T Power Development Limited and Larsen and Toubro Limited. on the Joint Venture Agreement between ICOL, L&T and Renew. on the sale of its entire shareholding in Renew Solar Energy Private Limited (RSEPL) to Fourth Partner Energy Private Limited (FPE) for a consideration of approximately INR 650 Crores.
• Assisted O2 Power Singapore in relation to acquisition of a portfolio of solar power plants (comprising of 3 projects with cumulative capacity of 55 MW) from Bangalore-based solar panel manufacturer Emmvee Photovoltaic Power.
• Advised National Medical Billing Services, L.L.C on its acquisition of MedTek, LLC, and its Indian wholly-owned subsidiary Avontix Global Private Limited.
• Advised Mr. Bhawnish Suri and Ms. Divya Suri (Promoters) of Pangram Brands Private Limited (Pangram) on the acquisition by PDS Limited (PDS) of 51% shareholding of the Promoters in Pangram and consolidation of the business of DBS Lifestyle LLP (DBS) and other DBS group entities led by the Promoters, under Pangram.
• Advised Shri Jagannath Steels & Power Limited in relation to its acquisition of the business undertaking from M/s Chowgule and Company Private Limited.
• Advised Medi Assist Insurance TPA Private Limited in its acquisition of 100% stake in Medvantage Insurance TPA Private Limited (Medvantage).
• Advised Digimro Distribution Private Limited (Moglix) in relation to: (i) Moglix’s acquisition of the 100% shareholding of Resideo Tech. Inc. (Resideo USA) in Resideo (India) International India Private Limited (Resideo India); and (ii) transfer of the entire business undertaking of Resideo India to Moglix.
• Advised M/s Medi Assist Healthcare Services Limited in its acquisition of: (i) majority stake in Mayfair We Care Limited, a UK entity (Mayfair) and (ii) 100% stake in Mayfair’s two Indian subsidiaries.
• Advised Globalbees Brands Private Limited on its acquisitions of:
• Prayosha Expo Private Limited (Prayosha), a company engaged in the sale and manufacture of mosquito nets. a majority stake in Candes Technologies Private Limited (Candes), a company engaged in the sale and manufacture of household products. business undertaking of M/s Apex Industries (Apex) engaged in the business of manufacturing chairs. business undertaking of M/s C K Enterprises engaged in the business of business of manufacturing home design and improvement tools under the brand name ‘Cheston’. majority stake in Solarista Renewables Private Limited, a company engaged in online sales of bags and raincoats under the brand names ‘The Clownfish’ and ‘Clownfish’.
• Advised Feedback Medical Limited on partnering with Sampurna Diagnostics centres in Indore to pilot CareLocker for referring clinicians and patients to enable them to have more control over healthcare information by accessing medical imaging on their mobile devices.
• Advised Ad2Pro Global Creative Solutions Private Limited (Ad2Pro) in its 100% acquisition by Deloitte Consultancy.
• Assisted iSelect Limited, an Australian Stock Exchange-listed company on its acquisition of 49% share in CIMET Holdings Pty Limited and Vconnex Private Limited.
• Advised Midland Microfin Limited in connection with the investments received from ICICI Bank Limited (ICICI) and Kitara Capital PIIN 1501 (Kitara).  The investment was undertaken in the form of primary investment by ICICI and Kitara in the equity shares of Midland for a total consideration of around USD 10 Million.
• Advised TR Capital in its recent investment of approximately USD 35 Million in Sapphire Foods Mauritius Limited (SFML), the holding company of Sapphire Foods India Limited (SFIL).
• Advised Resolution Professional for Bhushan Steel Limited (BSL) in its acquisition by Tata Steel Limited (TSL). Investment in BSL is done through a combination of equity of INR 158.89 Crore and inter-corporate loans of INR 34973.69 Crore.
• Advised UV Asset Reconstruction Company Limited (UVARCL) in the acquisition of Reliance Communications Limited (RCL) and Reliance Telecom Limited (RTL) respectively. This is one of the largest transactions in the telecom sector with outstanding debt of USD 20 Billion and the sale was conducted at the behest of creditors.
• Advised Coors Brewing Company d/b/a Molson Coors International (MCI) on the sale of its Indian business operated by ‘Molson Coors India Private Limited’ (MCIPL) to Singapore based Inbrew Holdings Pte. Limited.
• Assisted Data Glove IT Solutions Private Limited and Data Glove Incorporated in the sale of assets to Persistent Systems Limited, as part of its global asset sale.
• Advised Emerson group on its acquisition of the tools & test equipment business of Textron group, valuing at USD 810 Million.
• Advised Shriram Pistons & Rings Limited (SPRL) and its subsidiary SPR Engenious Limited (SEL): towards the proposed acquisition by SEL of 75% shareholding in Takahata Precision India Private Limited from Takahata Precision Co. Limited and Takahata Precision Pte. Limited at an enterprise value of INR 222 Crore. in the acquisition by SEL of 51% stake in EMF Innovations Private Limited (EMFI India) from EMFI International Pte Ltd and Ms. T.P. Sivasankari for INR 78 Crore.
• Acted for Reliance Capital Limited, a part of the Reliance ADAG Group (Reliance Capital), in connection with the sale of its stake in Reliance Nippon Life Asset Management Limited, the asset management company of mutual fund schemes floated by Reliance-Nippon Mutual Fund (Company) by way of (i) sale of shares to Nippon Life Insurance of Japan (Nippon) – which was the joint venture partner of RCAP in the Company; and (ii) offer for sale to investors /public shareholders (Transaction). Post completion of the Transaction, NLI has achieved a shareholding of 75% in the Company.
• Advised II-VI Incorporated in connection with its acquisition of Finisar Corporation (Finisar), both II-IV and Finisar being US publicly-traded corporations. The transaction is an acquisition of Finisar by way of a reverse triangular merger. II-VI is funding the acquisition with a combination of cash in hand from the combined companies’ balance sheets and USD 2 Billion in funded debt financing.
• Advised GMM Pfaudler Limited in their acquisition of De Deitrich Process Systems India Private Limited for EUR 6.25 Million.
• Acted for the Committee of Creditors of Ruchi Soya Industries Limited (RSIL) in relation to its acquisition by Patanjali Ayurveda through a corporate restructuring plan, valued at over USD 1.85 Billion.
• Advised AES India Private Limited and AES OPGC Holding on their sale of 49% stake in Odisha Power Generation Corporation Limited to Adani Power Limited for an amount of approximately USD 135 Million.
• Advised Carlyle Group on its acquisition of approximately 25% shareholding of Nxtra Data Limited (a wholly owned subsidiary of Airtel) for USD 235 Million. in the bid process concluding with IHH Healthcare acquiring Fortis in a deal value of over USD 1.8 Billion. in connection with its acquisition of the asset portfolio of clinical establishments and hospitals held by RHT Health Trust which was held by RHT through various entities in India.
• Advised Global Infrastructure Partners (GIP), in connection with their acquisition of the infrastructure fund management business of IDFC Alternatives, involving management of India Infrastructure Fund I (registered with SEBI as a Venture Capital Fund) and India Infrastructure Fund II (registered with SEBI as an Alternative Investment Fund – Category I) in a transaction valued at USD 1.4 Billion.
• Advised Cube Highways on its acquisition of FRHL from Hindustan Construction Company and HCC Concessions Limited. The transaction is proposed to be conducted for an upfront payment of INR 3.7 Billion and further additional contingent payments based on earn-out and receivables from NHAI etc.
• Advised Petronas in the acquisition of 100% shareholding of Amplus from ISQ Asia Aggregator Pte. Ltd. (ISQ) through Petronas’ Dutch subsidiary, Petronas International Power Corporation B.V. The deal marks Petronas’ international foray into renewable energy and represents a significant step in Petronas’ intent to grow in the renewable energy business as part of its strategy to step in the new energy business. in its purchase of shares of Bundl Technologies Private Limited which owns and operates Swiggy (the food delivery app)- both in the form secondary purchase from existing shareholders as well as in the form of primary issuance in a USD 1 Billion transaction. on its investment in Dream11, India’s leading fantasy sports platform (holding almost 90% of the market share) in a transaction valued at USD 750 Million.
• Advised KKR & Co. Inc. in the Indian leg of its global acquisition of a 60% stake in professional beauty and retail hair businesses of Coty Inc. (which includes brands such as Wella, Clairol, OPI, etc.) for USD 4.3 Billion.
• Advised Power Finance Corporation Limited in connection with its acquisition of 52.63% stake in REC Limited (REC) – the entire shareholding of the President of India, along with transfer of management control in a USD 2.11 Billion transaction.
• Advised FTD Group, one of the largest and most trusted online florist and gift companies in the world, in relation to the acquisition of a part of its business, by an affiliate of Nexus, a Los Angeles-based private equity firm.
• Advised American Tower Corporation (ATC) on a USD 3.1 Billion acquisition of 51% stake in Viom Networks Limited.
• Advised Awfis Space Solutions Private Limited and its promoter in connection with Series D funding round for raising USD 30 Million from ChrysCapital and its existing investors Sequoia and The Three Sisters Institutional Office (family office backed by Rana Kapoor).
• Advised Gaja Capital, in connection with the consolidation exercise involving their portfolio entities, viz. KOOH Sports Private Limited and SV EduSports Private Limited.
• Advised Madison Capital in exiting its current investment in Star Health and Allied Insurance Company Limited and thereafter as a part of the consortium of buyers along with the ‘Big Bull’ Late Rakesh Jhunjhunwala and private equity fund Westbridge Capital to acquire Star Health in a INR 6500 Crore transaction.
• Advised Allegis Group, one of the world’s largest privately held staffing companies, in its acquisition of 100% of the equity share capital of TVA Infotech Private Limited from the existing shareholders.
• Advised Apollo Hospitals Enterprise Limited, in connection with their investment in Medics International Lifesciences Limited for acquiring a majority stake in the company in a transaction valuing at INR 950 Million.
• Advised Hitachi Limited on its USD 6.4 Billion acquisition of the world-leading Power Grids business from Swiss engineering group ABB Ltd. Hitachi has entered into agreement with ABB, for Hitachi to initially acquire 80.1% stake in the Power Grids, with an option to acquire the remaining 19.9% stake at a later stage.
• Advised GSK on its global Joint Venture with Pfizer’s Consumer Healthcare division, with combined sales of approximately USD 12.7 Billion in 2017 (with GSK CH business recording revenues of about USD 9.2 Billion, and Pfizer CH business recording revenues of about USD 3.5 Billion).
• Advised Bayer Aktiengesellschaft and (its Indian listed subsidiary BayerCrop Science Limited on the indirect open offer made by Bayer AG as the Acquirer and acting in concert with BCS, to the public shareholders of Monsanto India Limited. on its acquisition of Piramal Healthcare Limited’s healthcare solutions business, for a consideration of USD 3.8 Billion. This was one of the largest and most complex business transfers in the Indian market, and the Firm was closely involved in all aspects of the transaction. on its USD 6.2 Billion acquisition of Belgium-based Solvay Pharmaceutical. This transaction would provide Abbott with a large and complimentary portfolio of pharmaceutical products, as well as, help in expanding Abbott’s presence in key global emerging markets.
• Advised a consortium comprising Changi Airport Managers & Partners Pte Limited and Bharti Enterprises, in bidding for the acquisition of a substantial stake in a joint venture company with the Airport Authority of India, in connection with the restructuring and modernization of the Delhi and Mumbai airports.
• Advised Pooja Hardware Private Limited (PHPL) and its affiliate Enox Hardware Private Limited (EHPL) on the acquisition by Assa Abloy, Sweden of the locks and hardware business of PHPL.
• Advised NDTV Limited (one of India’s largest media corporation) in its joint venture with a subsidiary of Astro All Asia Networks Plc for Lifestyle channels in India. South Asia Creative Assets Limited (which is a subsidiary of Astro) acquired 49% stake in NDTV’s Lifestyle business.
• Advised Sonae Canyon Industries, LLC and its affiliates on the Indian leg of its proposed acquisition of Mauser Group N.V. (a global supplier of rigid packaging products and services for industrial use), from Clayton, Dubilier & Rice. The transaction was valued at USD 2.3 Billion.
• Acted on purchase of Aditya Birla Minacs Worldwide BPO by a group of strategic financial investors led by Capital Square Partners and CX Partners. The transaction was valued at USD 260 Million.
• Assisted AECOM India in the acquisition of 100% equity interest in Spectral Services consultants.
• Advised on the amalgamation of Air India Limited and Indian Airlines Limited, two national carriers, into National Aviation Company of India Limited (NACIL), a 100% government company. The amalgamation has resulted in the creation of the largest airline in India.
• Assisted Alere Group in its acquisition of a 40% strategic stake by way of primary and secondary investment, in Pathcare Labs Private Limited, a company engaged in diagnostic services in the field of pathology, and in the stem cell business.
• Advised AXA Investment Managers, France on its joint venture with Bank of India in relation to AXA’s asset management (mutual fund) business in India.
• Advised the Allegis Group, the world’s fourth largest staffing company, in its acquisition of the global assets of Frontline Consulting Services Inc, including the 100% stock of the Indian subsidiary viz. Frontline Consulting Services Private Limited.
• Advised Allegis Services (India) Private Limited in the sale of certain assets and liabilities relating to the Technology Services Group of Allegis India’s EASI division to Xitadel CAE Technologies India Private Limited & Vardar CAE Technologies Private Limited, companies under the Prakash Krishnaswamy Group.
• Acted for and advised Apollo Health and Lifestyle Limited (AHLL), a wholly owned subsidiary of Apollo Hospital Enterprises Limited, in its acquisition of ‘Specialty Hospitals Business’ from Nova Medical Centers Private Limited. The transaction was consummated by the 100% acquisition of the share capital of Nova Specialty Hospitals Private Limited; and the ‘Specialty Hospitals Business’ was acquired for an aggregate consideration of INR 140 Crore (approx.). on its USD 125 Million stake acquisition in Mumbai-based Steel company Uttam Galva Steels. in relation to its bid to acquire Sprng Energy, holding an asset portfolio of 2.1GWp of operating renewable energy projects, and 7.5GWp of renewable energy projects in the pipeline/under-development.
• Advised Argand Partners on the acquisition of Sigma Electric Manufacturing Corporation Private Limited and GSCP Sigma Holding Corporation, from its owners – Goldman Sachs Private Equity and the Agarwal family.
• Advised Ascendas Group, on the acquisition of 100% stake by Cyber Pearl Information Technology Park Private Limited (a wholly-owned subsidiary of Ascendas India Trust) in Ascendas IT SEZ (Chennai) Private Limited (CyberVale) from Ascendas Land International Pte. Limited for a total purchase consideration of INR 1,615 Million.
• Advised and assisted ASG Technologies Inc. in its acquisition of business as a ‘going concern’ on a slump sale basis as well as on the acquisition of all intellectual property rights in the Mowbly platform.
• Advised AXA S.A (France) in relation to the joint venture with Bharti Enterprises (India) Limited, one of India’s leading business conglomerates, to establish a general insurance joint venture company under the name of Bharti AXA General Insurance Company Limited.
• Assisted in the India leg of the global acquisition of the business divisions of the brightONE group, that was previously acquired by the Aurelius Sustainability Management GmbH, by T-Systems International GmbH and its subsidiaries. ACQ M&A Atlas Award in the category of ‘Asia Pacific Entertainment & Media Deal of the Year’. ‘Deal of the Year’ by Asian-Counsel.
• Advised Baxter India Private Limited and Baxalta Incorporated (and affiliate in the global spin-off by Baxter Inc., a US listed company of its BioScience operating segment, into Baxalta Incorporated; and subsequent listing.
• Advised Baxter on acquisition of Claris Injectables Limited for USD 600 Million.
• Advised Bayer on acquisition of Monsanto (U.S) for USD 66 Billion, in an all-cash transaction. This transaction is the largest ever all-cash takeover of a public company.
• Assisted BeijingWest Industries Company Limited of Beijing, China, along with its wholly-owned global subsidiaries (informally known as BWI Group) in completion of their approximately USD 100 Million asset and business acquisition of the former Delphi Ride Dynamics and Brakes business units and a premier supplier of automotive chassis products to OEMs in the U.S., Europe and Asia.
• Advised Bharat Oman Refineries Limited in relation to the additional investment in the company by Oman Oil Company and Bharat Petroleum Corporation Limited, for the purpose of funding a 6 Million metric ton refinery project by Bharat Oman Refineries Limited with an estimated cost of USD 636 Million.
• Advised and assisted Brady Plc. in the acquisition of Energycredit’s Indian subsidiary Energycredit Software Services Private Limited (Energycredit India). Energycredit India was acquired by Brady by way of an indirect acquisition.
• Represented Blackstone/Embassy Group, the sellers/promoters in the divestment of majority stake in Vrindavan Tech Village, a 106 acre SEZ is strategically located at the heart of Bangalore’s IT corridor, on the outer ring road at an enterprise valuation of INR 19.51 Billion. The acquirer was Embassy Office Ventures Private Limited, a joint venture of Embassy Group and the Blackstone Group. This transaction is considered one of the largest commercial real estate transactions in India in recent times.
• Advised on strategic alliance between PVR Limited, India’s largest cinema operation/management company, and Big Tree Entertainment Private Limited, which manages the “Bookmyshow” ticketing platforms- for inter alia booking of movie tickets of PVR Theatres on the Bookmyshow ticketing platforms – and other incidental matters.
• Advised Capgemini on USD 4 Billion acquisition of Nasdaq-listed technology and services company iGATE Corporation. The deal involved several critical India-specific issues on account of substantial presence of iGATE in India.
• Advised CapitaLand Retail Limited, Asia’s largest real estate companies with regards to acquisition of stake in a leading real estate developer in India for USD 400 Million.
• Acted for and advised Carlyle on its acquisition of stake held by Dr GSK Velu in Metropolis Healthcare Limited.
• Advised and assisted Carlyle Asia Partners in the subscription of compulsorily convertible preference shares in Delhivery. The combined value of investment is more than USD100 Million.
• Advised and assisted Carlyle on its investment in ‘Medanta Medicity’. Stretching its legs in India, the international player Carlyle got hold of approximately 27% of the shares in Global Health Private Limited through a combination of primary and secondary purchases.
• Advised Ciena Corporation, a multinational specializing in high-performance network systems, software and professional services, in the India leg of its worldwide acquisition of the optical networking and carrier Ethernet technology of Nortel’s Metro Ethernet Networks (MEN) business. The aggregate purchase price is reported to be approximately USD 774 Million.
• Advised CJ Logistics Corporation in its acquisition of 50% stake in DARCL Logistics Limited for USD 50.6 Million.
• Advised Clarcor, a NYSE Listed company, on acquisition of advanced filtration line of business from Bekaert.
• Advised Collective Media, Inc. on acquisition of the entire share capital of Tumri Software Technologies Private Limited by Collective Media, Inc.’s Dutch affiliate and another group company.
• Advised Creative Artists Agency LLC, one of the world’s largest talent and celebrity management agencies in setting up a 50:50 joint venture entity with the KWAN Group in India to manage and market brands and celebrities in the SAARC countries.
• Advised the world’s largest infrastructure fund (client name confidential) on evaluating a possible investment in a joint venture company with the Airport Authority of India.
• Advised Dabur Group on acquiring the entire shareholding of the Nanda Group in several entities, in a single transaction. The transaction also involved the repayment of loans owed by the above entities to either group as well as to various third parties, valuing over INR 100 Crore.
• Advised Deccan Aviation Limited & Kingfisher Airlines Limited in the demerger of the commercial airline division undertaking of Kingfisher Airlines Limited and the merger of the undertaking into Deccan Aviation Limited.
• Represented Dell Inc.in connection with the India-leg of the transaction with GALE Networks, namely conducting a legal review of the Indian subsidiary and advising on the transaction documents. In addition, the Firm advised extensively on all regulatory and legal aspects of the transaction including on the software technology park scheme, foreign exchange laws and labour laws.
• Advised Dish TV (Direct-to-home [DTH] television operator listed on NSE and BSE, a Zee Group company) on USD 2.5 Billion merger with Videocon d2h, with American Depositary Receipts listed on NASDAQ. in relation to acquisition by Silverlink Holdings, a holding company of the luxury hotels and resorts under the brand Aman Resorts. The deal size is estimated over USD 358 Million. in its venture with Hilton International Co., a leading international chain of hotels, for owning, developing, managing and operating hotels under various ‘Hilton’ brands in India.
• Advised DLF in a transaction involving the establishment of a joint venture company – that is to function as an exclusive vehicle for all retail business under the Boggi and Boggi Milano brands in India as well as in Sri Lanka and Bangladesh. in a transaction involving a joint venture between Piquadro and DLF whereby the parties agreed to combine their respective areas of expertise to undertake the business of developing a network for the sale and distribution of the Piquadro’s products in India, based primarily on retail boutiques to be managed by the joint venture entity being set up by the parties.
• Advised DLF Limited (DLF Utilities Limited – a DLF Group Company):
• On sale of the major part of its cinema exhibition business ‘DT Cinemas’ to PVR Cinemas. and assisted DLF Home Developers Limited (DHDL), a wholly-owned subsidiary of DLF Limited (DLF), in forming a joint venture with Singapore’s sovereign wealth fund, GIC Pte. Ltd. (GIC), to develop two projects in central Delhi for an amount of INR 1,990 Crore.
• Advised DLF Retail Brands in its joint venture with Mothercare (the globally renowned player in the field of mother and child care products).
• Represented DLF Limited regarding its disinvestment from its SPV, which owns an IT Park in State of UP. The transaction involved sale of the SPV’s shares to IDFC Limited in various tranches over a period of two years based on various milestones. The transaction had various complex structuring issues and a complicated share escrow mechanism. Due to a multi tranche funding structure, this transaction was a mix of being a joint-venture and M&A and therefore, required a balance of varying expectations and inter se rights and obligations of the parties (including DLF’s other existing JV partners in the SPV). The total deal size was INR 460 Crore (approx.). in a transaction involving granting of exclusive rights to DLF Retail Brands Private Limited to market, sell and distribute products of the ‘Alcott’ brand in India. in its joint venture with the internationally renowned Salvatore Ferragamo Group for the retail of single brand products under the Salvatore Ferragamo and Ferragamo brands in India through Nelia Retail Private Limited. in its joint venture with Giorgio Armani group by virtue of which all ‘Giorgio Armani’ and ‘Emporio Armani’ Retail Stores in India would be opened and operated by the DLF-Armani JV Company. in its extensive franchise arrangement with the global luxury fashion house Donna Karan International, for setting up and opening retail stores across India under the brands ‘DKNY’ and ‘Donna Karan New York’. in a transaction involving inter alia franchise arrangement and dealership arrangements for the retail of eyewear products and opening of several retail stores across India under the brand ‘Sunglass Hut’.
• Advised DoIT Smart Hospitality (India) Private Limited on its USD 15.23 Million acquisition of the Ambience Hospitality Management Private Limited and its subsidiary which runs The Palms Town and Country Club.
• Advised DT Cinemas (a DLF Group Company) in the proposed sale of its cinema exhibition business (as a slump sale) to PVR Cinemas in a stock and cash deal.
• Advised Dubai International Capital, LLC a private equity arm of Dubai Holdings, on the sale of its stake in the Mauser Group – a worldwide leader in manufacturing industrial packaging, to Clayton Dubilier & Rice, for a consideration of USD 1.7 Billion. on USD 100 Million multiple acquisitions of solar power projects. on 50:50 joint venture with SITAC group of companies, in connection with developing a portfolio of wind power projects of over 150 MW in the State of Gujarat. on acquisition of the business of manufacturing gear boxes from Ameya Transmissions.
• As part of its multi-jurisdictional acquisition of the Valves & Controls, business of the Pentair Group for USD 3.15 Billion. on USD 1 Billion multiple acquisition of portfolio repositioning.
• Acted for Everstone Capital, a large India focused private equity fund, in its joint venture and franchising arrangement with Burger King Corporation, the world’s second largest chain of fast food hamburger restaurants, for the establishment and operation of Burger King Outlets in India.
• Advised one of the world’s top luxury brands Fendi, in relation to its current operations in India and advisory matters related to all aspects of Indian law and on restructuring of the Indian joint venture include change in joint venture partner.
• Advised Exxon Mobil in connection with the sale of its LPG business in India to Total Fina Elf.
• Advised Fidelity, an American multinational financial services corporation and the fourth largest mutual fund and financial services group in the world, in its investments in PC Jewellers Limited “PCJ), one of the fastest growing jewellery retail chains in India. The transaction involved a total investment of INR 257 Crore by Fidelity.
• Advised Forrester Research Inc. in a transaction relating to the Indian leg of the global acquisition by Forrester Research Inc. of the Springboard Research (SBR) business of Knowledge Platform Inc. (Cayman Islands) in various jurisdictions including India.
• Advised Global Health Private Limited (GHPL), owner and operator of the Hospital at Gurgaon by the name of Medanta – The Medicity, in relation to Temasek’s acquisition of 17.74% stake in GHPL from Punj Lloyd Limited (PLL).
• Advised Essel Group in its 100% acquisition of Greatway Estates Limited, a wholly owned subsidiary of Anant Raj Limited, which is listed on the Bombay Stock Exchange. The transaction also involved acquisition financing by a third party lender.
• Advised Green Infra Limited on the purchase of BP’s Indian wind business. BP held three wind farms in India with a total capacity of 100 MW. The deal was valued at USD 95 Million.
• Acted for and advised Green Village Ventures Private Limited (GVV/ Company) as well as the Investors – Gdf Suez Rassembleurs D’energies (GSRE), Grameen Credit Agricole Microfinance Foundation (GCA) and the Promoter of GVV in relation to their investment into GVV. The transaction involved an initial investment into GVV by way of subscription to compulsorily and mandatorily convertible preference shares of the Company.
• Acted for and advised Guardian Life Insurance Company of America in their purchase of global assets in India, USA and Canada, including 100% equity interests in Aon Hewitt Absence Management, LLC, and an indirect subsidiary of Aon Corporation.
• Represented Hero Motor Group in the merger of the parent company into its subsidiary, Hero MotoCorp, before the Delhi High Court.
• Competition Commission Approval- The Firm successfully steered the merger through the competition law merger control process to obtain the approval of the Competition Commission of India (CCI) within a record time of 11 days from filing.
• Assisted Hi-Rel Electronics Private Limited on the joint venture with Hitachi, expected to boost the power electronics business in India, which aimed to generate revenues of around INR 8 Billion in the fiscal year ending March 31, 2016.
• Assisted Huron Consulting Group Inc., a NASDAQ listed company (Huron) in the sale of its shareholding in its wholly owned Indian subsidiary – Huron India Private Limited (Huron India), as part of Huron’s global sale of its legal services segment to Consilio Inc. and its affiliates for USD 112 Million.
• Advised Husqvarna on acquiring Atlas Copco’s concrete and compaction business division globally, including in India.
• Represented two group companies, extensively involved in hydro power projects, in their minority investments of 26% each in two SPV companies in Himachal Pradesh that house licenses of 5 MW and 4 MW respectively, for development and operation of hydro power projects in Himachal Pradesh.
• Represented I Squared Capital in its acquisition of 100% equity interest in Jaipur-Mahua Tollway Private Limited for an aggregate consideration of INR 525 Crore.
• Advised IHS Markit for its multi-jurisdictional sale of its OERM business to Genstar Capital. OERM business operates globally, serving over 2,500 customers, and hundreds of thousands of individual users primarily in highly regulated industries such as oil & gas, chemicals, and manufacturing.
• Advised India Value Fund (IVF) on the recently executed share purchase agreement with FTIL and other sellers for acquiring 100% of National Bulk Handling Corporation Ltd. (NBHC), a leading integrated commodity and collateral management company, for a consideration of INR 241.74 Crore.
• Advised Indiabulls Distribution Services Limited’s on 100% acquisition of the share capital of India Land and Properties Limited (Target) for a consideration of INR 600 Crore. The Target owns a commercial complex of 3 towers with a total constructed area of 2.4 Million sq. ft. and leasable area of 2 Million sq. ft. in Chennai. The total land area of the complex is over approximately 10 acres.
• Advised Ingredion Inc. (earlier known as Corn Products), one of the world leading players in the starch business, in its acquisition of the starch business of Akzo Nobel. The global deal value was approximately USD 1.3 Billion.
• Assisted Intercontinental Exchange (ICE), a leading global network of exchanges and clearing houses, on acquiring Singapore Mercantile Exchange.
• Advised Joint Stock Financial Corporation Sistema, better known as ‘Sistema’ the largest private sector consumer services company in Russia and the CIS, in its acquisition of approximately 74% of existing shares in Shyam Telelink Limited (a CDMA telecom service provider in the state of Rajasthan) and further 74% investment in the charter capital of the company through preferential allotment. The total deal value was approximately USD 627 Million.
• Advised on amalgamation of group companies of Infrastructure Leasing & Financial Services Limited (IL&FS), one of India’s Leading infrastructure development and finance companies, before the Delhi High Court.
• Advised Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund on all aspects related to Indian law, in its investment in Fractal Analytics Private Limited, one of India’s leading data analytics company. The transaction involved a total investment of up to USD 100 Million by Khazanah. on acquisition of a 50% stake in a phased manner in Vallabh Tinplate Private Limited, a company belonging to the Vallabh Group. The acquisition was of significant strategic importance for JSW, marking JSW’s entry into the tinplate market in India. on acquisition of Welspun Maxsteel Limited at an enterprise value of INR 1000 Crore plus net current assets. The transaction involved JSW Steel purchasing the entire share capital of Welspun Maxsteel Limited from Welspun Enterprises Limited.
• Advised and assisted Kinden Corporation, Japan on its proposed acquisition of 100% stake in Antelec Limited.
• Advised Korean Western Power Company, a subsidiary of South Korea’s power giant KEPCO, in relation to its acquisition of 22.7 % of Pioneer Gas Power Limited (the shareholding eventually going up to 40%), an SPV implementing a 388 MW gas based power plant in Raigad, Maharashtra, having an estimated project cost of USD 250 Million.
• Acted for Lanco Group on a transaction involving an agreement with Tejassarnika Hydro Energies Pvt. Ltd., a subsidiary of Greenko Energies, to divest 100% stake in 70 MW Lanco Budhil Hydro Power Project (BHP). The divestment has been disclosed at NSE & BSE.
• Represented the sell side (Lending Space Group), including the issues pertaining to the transfer of assets by the Company which had a permit to operate under a special incentivized scheme of the government (that is, under the Software Technology Park scheme). The total transaction value was USD 12.25 Million.
• Represented Life Healthcare Group Limited in its acquisition of a 26% equity interest in Max Healthcare Institute Limited (MHIL) on a fully diluted basis for an aggregate consideration of INR 516 Crore.
• Advised Mandala Capital Limited (Mandala), a leading private equity firm focusing exclusively on the food and agribusiness sector, on its investments totalling over USD 100 Million in two Jain group companies, viz. Jain Irrigation Systems Ltd. (JISL), an India-headquartered multinational company (listed on BSE and NSE) engaged in manufacturing of micro irrigation systems, pipes, agro processed products, tissue culture and other agricultural inputs and related services and Jain Farm Fresh Foods Limited (JFFFL), a newly formed subsidiary of JISL, created from the transfer to it of JISL’s food processing facilities and businesses spread across India, US and UK. The transaction is considered to be one of the largest foreign direct investments to date in Indian agribusiness.
• Assisted Martin Engineering in an asset purchase (including transfer of real property, Intellectual property and employees) of Clean Cat Conveyors Private Ltd.
• Advised Max Health Care Institute Limited, a healthcare company in the acquisition of a company which owned certain operating hospitals in India.
• Assisted Mechel Carbon AG in negotiating and finalizing the joint venture with Northern Exim Private Limited.
• Advised Merck on the India leg of the global transaction relatively to various aspects of structuring the sale of business/ assets in India.
• Acted as sole counsel to National Buildings Construction Corporation Limited in a Joint Venture Project with Mahavir Hanuman Group involving the acquisition and development of 50 acres of land in India.
• Advised NDTV Limited, one of India’s leading news TV conglomerates, in a USD 150 Million stake sale, and joint venture with NBC Universal, Inc. of USA.
• Advised Moser Baer in establishing a joint venture with Imation in Dubai for distribution of optical media products globally. in the acquisition of business of Stewart Systems Global, LLC relating to designing, manufacturing and selling industrial, bread and bun and tortilla bakery equipment and material handling systems. The total deal value of the transaction was approximately USD 28 Million. in the acquisition of the ‘commercial refrigeration, food equipment and service business’ business from Celfrost Innovations Private Limited. on USD 1600 Million acquisition of Agila Specialties Division from Strides Arcolab Limited, India. on USD 750 Million acquisition of Famy Care Ltd’s women’s health care business. on USD 736 Million acquisition of a controlling stake (71.5%) in Matrix Laboratories Limited a leading Indian manufacturer of generic pharmaceutical products.
• Advised and assisted New Call Telecom on the India leg of New Call Telecom UK’s acquisition of 70% stake in Nimbuzz Internet India Pvt. Ltd.
• Advised NewQuest Capital Partners (NewQuest), a leading private equity firm focusing on secondary private equity deals in the Asia-Pacific region, on its acquisition of a portfolio of investments, including the Indian investments, of Draper Fisher Jurvetson (DFJ), an American venture capital firm. The Indian investments of DFJ which were acquired by NewQuest include Cleartrip, Attero Recycling and Bharat Light and Power.
• Advised various Nirula’s Group entities owning a chain of hotels and restaurants in connection with the sale by the promoters of their entire equity in the aforesaid entities constituting 100% of their respective equity capital by Navis Capital Partners a Malaysia based buy-out fund.
• Advised Nokia on its acquisition of Obopay’s India operation and on setting up a subsidiary in India.
• Assisted NTT Data on USD 3.06 Billion acquisition of Dell Systems.
• Advised and assisted Nutanix in the acquisition of Calm.io Pte. Ltd. and its Indian Subsidiary Idea Device Technologies Private Limited (Calm India).
• Advised Oman Investment Fund, an investor in Quippo Telecom, in evaluating and structuring Quippo Telecom’s investment in Wireless TT Infrastructure Limited, the company which has been formed by Tata Teleservices Limited to hold the tower infrastructure of TTSL.
• Acted for Partners Group, a global private markets investment manager, on its India leg of a transaction to acquire controlling stake in Dynacast International. The transaction has an overall enterprise value of USD 1.1 Billion.
• Advised Perot Systems on the acquisition of 100% stake in an Indian company, involved in BPO operations, from HCL Technologies.
• Represented Petronas International Limited, for the sale of its stake in Cairn India Limited. This is the largest bulk trade transaction that has taken place in India with the value of the stake being approximately USD 2.1 Billion.
• Assisted Pfizer with its strategic acquisition of Vetnex Animal Health Limited. Vetnex Animal Health Limited has an annualized turnover of USD 26 Million and is the third largest player in the Indian animal health products industry. With this acquisition, Pfizer is expected to be the largest player in the animal health industry in India.
• Advised Prudential International Insurance Holdings, a subsidiary of Prudential Financial Limited in a transaction for the setting up of a life insurance company in India under the name of DLF Pramerica Life Insurance Company limited, along with DLF Limited.
• Advised Publicis Groupe Holdings B.V in the acquisition of 51% of the share capital of Twenty Twenty Media Private Limited; Twenty Twenty Webtech Private Limited and BrandMap Communications Private Limited by Publicis Groupe Holdings B.V. from the existing shareholders with the right to acquire the further share capital.
• Represented PVR Limited in a transaction with regards to an alliance between PVR Limited, a leading player in the cinema exhibition business and operator of multiplexes in India with IMAX Corporation (one of the world’s leading technology companies in the entertainment industry) to install (and maintain) digital IMAX ® theatre systems in four key locations in India.
• Advised Quark, Inc., a privately held provider of publishing software for professional designers and enterprise organizations, in connection with sale of its business to Platinum Equity Partners, a US-based private equity firm.
• Advised Radiant Hospitality Services Private Limited, its Promoters and selling shareholders on the acquisition of a 76% stake (to be scaled up to 100%) by OCS Group UK in Radiant Hospitality Services Private Limited. The value of the stake was approx. USD 6 Million.
• Advised Ranbaxy and its Independent Directors on USD 4 Billion merger with Sun Pharma, with a composite market cap of over USD 20 Billion. ‘Deal of the Year’- SIAN-MENA COUNSEL ‘M&A Deal of the Year’ South & Southeast Asia- The Asian Lawyer 2015
• Represented Reliance Mutual Fund through its asset manager, Reliance Capital Asset Management Company agreed to acquire the schemes of Goldman Sachs Mutual Fund. The deal consideration was USD 37.5 Million.
• Advised Reed Elsevier Overseas BV, Netherlands (Reed Elsevier) on Indian legal, regulatory and tax aspects of the transaction, which inter alia involved conducting legal due diligence on the assets of Manch Communications Private Limited (‘Manch Communications’) and its promoters, advising on investment by Reed Elsevier in the joint venture company by way of acquisition of shares held by the promoters of Manch Communications in the joint venture company and transfer of the Business (defined below) by Manch Communications to the joint venture company.
• Advised Stone Canyon Industries, LLC and its affiliates on the Indian leg of its proposed acquisition of Mauser Group N.V. from Clayton, Dubilier & Rice. on sale of Religare Wealth Management Limited’s business to Anand Rathi group. on sale of Religare’s stake in AEGON Religare Life Insurance Company to the Times Group.
• Advised Resultrix group of companies in their acquisition by Publicis Groupe Holdings B.V., (a private company categorized under Trust Service and based in Amstelveen, Netherlands) and AREBU Holdings B.V (a company also based in The Netherlands).  The transaction was a 100% strategic acquisition transaction, through an earn out model spread over attaining specified operating margins. The deal has been valued at approximately USD 10 Million.
• Advised Roca Corporation Empresarial, SA. Roca, a Spanish conglomerate and a leading sanitary-ware & bathroom products company in relation to the acquisition of entire stake in Parryware Roca Ltd. in two tranches with a transaction value of over USD 325 Million.
• Advised Rothschild Trust in relation to the acquisition by Del Monte Pacific Limited, producers, marketers and distributors of premium food and beverage products of 40.1% stake in FieldFresh Foods Private Ltimited, the joint venture between EL Rothschild Ltd. and Bharti Enterprises.
• Assisted Safran S A, France in the various Indian regulatory laws in completing the acquisition of the shares of the Indian subsidiaries of L-1 Identity Solutions Inc., a leading identity management solutions provider in the United States, for a total cash amount of USD 1.09 Billion. Following this transaction, Safran S A, France becomes the world leader in biometric identity solutions.
• Assisted DLF Utilities Limited (DUL), a subsidiary of DLF Limited, in completing the sale of a part of its cinema exhibition business operated under the brand ‘DT Cinemas’ to PVR Limited.
• Acted for Semtech Corporation (NASDAQ: SMTC) (Semtech), in relation to the divestment of its Snowbush IP business, part of its Systems Innovation Group to Rambus Inc. (NASDAQ: RMBS).
• Advised Samara Capital Partners Fund I Limited on the acquisition of the entire shareholding on Network 18 Media and Investments Limited in Newswire 18 Limited and further subscription to the capital of Newswire 18 limited resulting in Samara acquiring approximately 77% stake in Newswire 18 Limited. Jurisdiction is India. The estimated deal value was USD 900 Million.
• Advised Satyam Cineplexes Limited on total buyout by Inox Leisure Limited, wherein Inox acquired all the shares of Satyam basis a Share Purchase Agreement which was the master document. This marked the exit of Satyam from the cinema industry, however allowing and assigning the use of brand name ‘Satyam’ to be continued for a defined period.
• Advised Servizi Italia S.p.A., in setting up a joint venture in India with Shashi Bhushan Balain, to carry on the business of providing laundry wash services, wash-hire services, linen sterilization services, surgical instruments sterilization services and services of supplying surgical instruments, to hospitals in the National Capital Territory of Delhi.
• Advised Sesa Goa Limited, India’s largest private iron ore exporter and a part of the London listed Vedanta Resources, in the direct and indirect acquisition of Goa-based Dempo Group’s mining assets. The acquisition involved 100% equity stake in V.S Dempo & Co. Private Limited and amounted to a deal value of USD 368 Million.
• Advised Smith & Nephew Pte. Limited, a subsidiary of Smith & Nephew plc. in the acquisition of an orthopaedic equipment manufacturing company, Adler Mediequip Private Limited.
• Advised the promoters of Soni Hospitals Private Limited, one of Rajasthan’s largest private multi-specialty hospitals, in a slump sale of the hospital business to the Manipal Health Enterprises.
• Advised the Spark Minda Group on inducting a new joint venture partner with new technology arrangements.
• Assisted Suntory Beverage & Food Asia Pte. Limited in relation to its joint venture with Narang Group by acquisition of a 51% stake in Narang Connect Private Limited to establish a joint venture to be called Suntory Narang.
• Advised Tangoe Inc., a NASDAQ listed corporation in the acquisition of the ‘telecommunications expense management’ business of Symphony Teleca Corporation (STC), a US based corporation. The transaction entailed sale and purchase of STC’s ‘telecommunications expense management’ business in both the U.S and India. The total deal value of the transaction was USD 41 Million.
• Advised Tata Advanced Systems Limited on 51:49 Indian Joint Venture with Boeing Company, for setting up of manufacturing and supplying aeroplanes for US military and the Indian Ministry of Defence. ‘M&A Deal of the Year’ at the IFLR Asia Awards.
• Advised the Tata Global Beverages Limited (TGBL) group in the setup of a 50:50 Joint Venture to operate Starbucks café’s in India.
• Advised on the India leg of the global acquisition of the worldwide broadcast communications divisions held by Harris Corporation by the Gores Group.
• Advised Tribeca Creators and its promoter Mr. Kalpesh Mehta in structuring and negotiating a right to exclusively develop and brand a real estate project in M3M Golf Estate along with a shareholders’ agreement in which Tribeca was a minority shareholder.
• Assisted Uniquest Infra Ventures Private Limited in its acquisition of a majority stake in SEW Navyuga Barwani Tollways Private Limited, which constructed and is maintaining and operating an approximately 83 km-long section of National Highway-3.
• Advised Unitech Wireless on the structuring, regulatory aspects and completion of the transaction with respect to acquisition of 60% equity stake by Telenor in Unitech’s group companies engaged in telecom business for a value of approximately USD 1.8 Billion.
• Advised United Breweries Holding Limited in relation to acquisition of a substantial stake in Deccan Aviation Limited, a listed entity and operator of a leading low-cost airline in India. UB Holding Limited is the promoter of Kingfisher Airlines, a leading full frill airline which has won several awards in the aviation sector. The transaction value amounted to USD 220 Million.
• Advised United Online, Inc. ( Nasdaq: UNTD) (United Online) (a provider of consumer services and products over the internet such as NetZero and Juno) on the Indian law aspects in relation to the acquisition of all of United Online’s common stock by B. Riley Financial, Inc. (Nasdaq: RILY) (a provider of investment banking and other diversified financial and business advisory services, through several subsidiaries) and certain of its affiliates (B. Riley) for approximately USD 170 Million.
• Advised the United Spirits Group in the acquisition of approximately 75% shares of Shaw Wallace (SWC), a listed company and the country’s second largest spirit manufacturer. The size of this acquisition was approximately USD 400 Million, after which the United Spirits Group has become the third largest spirit manufacturer in the world.
• Advised United Spirits Limited in the acquisition of Whyte & Mackay, the world’s leading Scotch distiller. The size of the acquisition was USD 1.18 Billion and the Firm advised on the acquisition financing as well. By this acquisition United Spirits Group has become the second largest spirit manufacturer in the world.
• Advised Citigroup on the Vedanta Group merger and restructuring exercise involving the merger of Sesa Goa Ltd. (Sesa Goa) and Sterlite Industries (India) Ltd. (Sterlite) and the consolidation and simplification of the group structure. Sesa Sterlite is expected to be the world’s seventh largest global diversified natural resources major by EBITDA. The total value of the merged entity is USD 10 Billion plus.
• Acted for and advised Visteon Corporation, a NYSE listed corporation (Visteon) as Indian legal counsel in connection with the acquisition of Johnson Controls Inc.’s (JCI) “automotive electronics and engineering” business.
• Represented Voith Paper Holding GmbH & Co. KG (Voith Germany), in its acquisition of the entire 50% stake held by its joint venture partner Larsen & Toubro Limited (L&T) in the Kolkata-based company Voith Paper Technology (India) Limited (Voith India).
• Acted for Wall Street Investments Limited (represented by GMS group) in relation to the direct investment by Wall Street in Den Sports & Entertainment Limited (Den Sports) and indirect investment in Den Soccer Private Limited, a wholly owned subsidiary of Den Sports, which owns the franchisee for the football team – Delhi Dynamos Football Club (DDFC) in the Indian Super League (ISL).  The transaction involved a total investment of INR 43.32 Crores in Den Sports.
• Advised Wat Consult and its promoters led by Rajiv Dingra in structuring and negotiating an earn out based sale of their shareholding in Wat Consult to Dentsu Aegis Network.
• Advised and assisted the sale of Wolfensohn Capital Partners’ (Wolfensohn Capital) 7.4% stake in Fabindia Overseas Pvt. Ltd. (Fabindia) to L Capital.
• Acted on acquisition of 235 KFC and Pizza Hut franchisees of Yum Inc. in India and Sri Lanka by a group of strategic financial investors led by Samara Advisors India, Goldman Sachs, CX Partners, IDI Emerging Markets, Adveq group and Celox Asset Management.
• Acted for and advised Zee Media Corporation Limited (Zee Media), in its investment in Today Merchandise Private Limited (TMPL) and Today Retail Network Private Limited (TRNPL). TMPL and TRNPL are group companies of the India Today Group.