In the largest ever space transaction by any international retailer on high streets across the country, Spanish fashion chain Zara has picked up 50,000 sq ft in Ismail Building, a four-storeyed building owned by the Sopariwala Exports group. Kanga & Co acted for Sopariwala Exports with a team led by Senior Partner ML Bhakta along with Partner Sirisha Sampat. Commenting on the deal, Sirisha told Bar & Bench that, “The transaction was quite interesting.  Apart from carrying the distinction of being the biggest transaction in this segment and the largest retail space ever acquired by a foreign brand in the country, […]

Recipharm AB, a Swedish a pharmaceutical contract development and manufacturing organisation (CDMO) is acquiring Kemwell’s CDMO businesses in India, US and Sweden in a strategic deal worth $ 205 million (1360 crore). Veritas Legal acted for Recipharm with a team led by Partner Nandish Vyas along with Associates, Natasha Sethna and Tejasvi Saxena. AZB & Partners acted for Kemwell and the team included Partners Srinath Dasari and Nanditha Gopal and Associates Bhuvana Veeraragavan and Gautam Suseel. While the acquisition price for Kemwell’s operations in the US and Sweden amounts to approximately $ 85 million, while Indian operations amounts to $ […]

Den Networks is divesting its 55 per cent equity stake in Den Sports, which owns Indian Super League team – Delhi Dynamos, to Wall Street Investments, part of GMS Group for 43.32 crore. Luthra & Luthra acted for GMS Group with a team led by Partner Kanchan Sinha along with Associates Kaustubh Verma, Sonika Bajpeyee and Sanya Parmar. The transaction team was assisted on the due diligence aspect by Partner Anshul Jain, Managing Associate Shikhar Kacker and Associate Shubham Gupta. Den Networks was advised by its in-house team. Wall Street Investments is represented by principals of GMS, which is based […]

South African drugmaker Adcock Ingram Holdings is selling its India business to private equity firm Samara Capital for 151 crore (about $22 million) in cash. Cyril Amarchand Mangaldas advised Adcock Ingram Holdings and the team was led by Mumbai corporate partners Ashish Jejurkar and Ramgovind Kuruppath, with tax advice given by tax partner S R Patnaik. Luthra & Luthra acted for Samara Capital with a team led Partner Bikash Jhawar along with Managing Associates Aditya Periwal and Rohan Shah and Associate Abhishek Mour. Samara Capital, founded in 2006 by Sumeet Narang, a former Citigroup India executive, is investing through its Samara Capital Partners Fund II Ltd, […]

The Kishore Biyani-led Future Group has acquired online furniture store FabFurnish.com—the first acquisition of an Internet store by Future Group. Shardul Amarchand Mangaldas advised Future Group on its acquisition of 100% stake in FabFurnish.com. The SAM & Co team was led by Shuva Mandal, National Practice Head – General Corporate, M&A & PE and included Arvind Sharma Partner, Janani Sekhar Principal Associate and Rohan Jain, Associate. Khaitan & Co acted for the Sellers with a team led by Director Ketan Kothari, Principal Associate Stuti Galiya and Associate Abhinav Bhatia. The all-cash transaction will see Future Group bring its entire portfolio of home furnishings and decor business under […]

Trust Legal is advising Swedish firm company Medicover Healthcare on its $100 million investment in India in its Phase 1 to set up about 50 fertility clinics over a span of next three years. The Trust Legal team included Managing Partner Sudhir Mishra, Partner Ritwika Nanda and Senior Associate Petal Chandhok. Trust Legal, founded by Sudhir Mishra in early 2005, is a boutique firm focusing on healthcare, environment, oil and gas and infrastructure law practice. Initially, Medicover intends to kick-start their operations with 4 clinics in the Delhi/ NCR region in the next two months with plans to expand further by the end of the year in the […]

Xiaomi has made its first investment in India, leading a $25 million (170 crore) funding round into Hungama Digital Media Entertainment. Cyril Amarchand Mangaldas acted for Xiaomi with a team led by Partner Arun Prabhu and Senior Associate Suvojit Halder. Trilegal advised Hungama with a team led by Partners Sridhar Gorthi and Kunal Chandra along with Senior Associate Anjali Menon-Malhotra and Associate Aditi Jain. Khaitan and Co acted for Bessemer Venture Partners Trust on this deal. Xiaomi has invested along with Hungama’s existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala to pick up a minority stake, reports ET.

Private equity firm, Blackstone is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard in a deal worth up to $1.1 billion (7,071 crore). Shardul Amarchand Mangaldas advised Blackstone on this deal with a team led by Partners Shuva Mandal, Raghubir Menon and Abhishek Guha along with Principal Associate Anirban Bhattacharya. Mumbai Partner Yogesh Chande advised on regulatory issues while Delhi Competition Partner Shweta Shroff Chopra worked on the competition law aspect. Simpson Thacher & Bartlett acted as international legal counsel for Blackstone with a team led by London Partners Mike Wolfson and Clare Gaskell. […]

HCL Technologies is acquiring Mumbai-headquartered firm Geometric in a share-swap deal valued at $190 million. This will mark the company’s third and largest acquisition in the engineering sector so far, reports ET. Cyril Amarchand Mangaldas acted for HCL with a team led by Bangalore Corporate Partner Nivedita Rao along with Mumbai Partner Smruti Shah and Delhi Partner Harsh Kumar.  Mumbai Competition Partner Nisha Kaur Uberoi advised on competition law aspect. J. Sagar Associates advised Geometric with a team led by Partner Vikram Raghani along with Partner Gautam Gandotra. The transaction will help HCL, the country’s fourth largest information technology (IT) […]

PDS Legal advised Seclore Technology Pvt Ltd in its funding from Helion Ventures, VentureEast and Sistema Asia. The investment value is in the range of approximately 53 crore. ‎ The corporate team of PDS Legal was led by Partner, Probal Bhaduri and involved Principal Associate, Nidhi Arora and Associate, Shilpa Margaret Ekka. Cyril Amarchand Mangaldas acted for the investors and the team was led by Partner Gyanendra Kumar along with Senior Associates Kamalika Bhattacharjee and Kunal Arora, and Associate Nikhilesh Barik.