TLG Capital is investing in Re-feel Cartridge Engineering, India’s largest printer cartridge refilling network, comprising of a national chain of 109 shops that refill customers’ printers ink cartridges. According to media reports TLG is putting Rs. 21 crore ($4.5million) into Re-feel, for a 36 percent stake and deploying the funds into the expansion of a new chain of computer repair shops called Club Laptop.

TLG is a UK based private investment company with special expertise, investing in emerging markets. This is TLG’s first transaction in the services sector in India according to a press release.

KSB Partners acted as the domestic legal counsels for TLG, with head of Banking and Finance Samir Bedi along with assistance from Deepty Sharma and Manika Khajuria.

The Doha office of Latham & Watkins were the international legal advisors to TLG Capital led by Counsel, Craig Stoehr.

Craig Stoehr said, “We are once again pleased to have acted as international legal counsel to TLG Capital in connection with another innovative private equity investment involving two intensely exciting and dynamic markets. It was a strong team effort and we are delighted to have worked closely with KSB Partners as co-counsel on this deal.”

Alkesh Agarwal, CEO of Re-feel spoke to Bar & Bench and said that they had an in-house counsel and an external Private Equity financial counsel who advised them on this deal.

Latham & Watkins has previously advised TLG Capital on its equity investment in India's pharma giant Cipla.

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