i-Nurture Education Solutions Private Limited, a higher educational services company, has entered into a joint venture agreement with Galileo Global Education, the largest higher education company in Europe. Nishith Desai Associates acted for iNurture and the team included Partner Vivek Kathpalia and co-head of the Intellectual Property and Education practice Aarushi Jain. Khaitan Legal Associates represented Galileo. The joint venture will provide higher education services to centers of excellence, which will offer degree and diploma programs in streams such as Digital Marketing, Design, Tourism & Hospitality and Sports & Luxury Management.
Louvre Hotels Group, the second-largest in the hospitality industry in Europe, has bought a majority stake in Sarovar Hotels, India, reported ET. Deal Louvre Hotels buys majority stake in Sarovar Hotels Value NA Deal Type M&A Sector Hospitality Law Firms Khaitan & Co – Shareholders of Sarovar Hotels; Trilegal – Louvre Hotels Partners/Heads Khaitan & Co – Haigreve Khaitan; Trilegal – Nishant Parikh and Gautam Singh Khaitan & Co advised the shareholders of Sarovar Hotels – New Vernon Private Equity Limited, Bessemer Venture Partners Trust, Anil Madhok and Ajay Bakaya. The Khaitan team was led by Partner Haigreve Khaitan along with Associate Partner […]
Fairfax India Holdings Mauritius Investments Ltd has agreed to purchase a 51% stake in Saurashtra Freight Private Limited for around Rs. 200 crore. AZB & Partners advised Fairfax India on the deal. The team included Partners Ashwin Ramanathan and Rishi Gautam, as well as Senior Associate Medha Marathe. Rajani Associates acted for Saurashtra Freight. According to Business Standard, Saurashtra Infra runs the largest container freight station at Mundra Port in Gujarat. The station provides services such as moving of containers to and from the port, stuffing and de-stuffing of containers, cargo storage and transportation of cargo to the end customer, and […]
SpiceJet has closed a deal with Boeing to purchase up to 205 next-generation Boeing aircraft valued at around Rs. 150,000 crore ($22 billion), in one of the largest deals in Indian aviation history. Link Legal India Law Services was the sole Indian counsel on the deal, acting for SpiceJet. The team included Partner Anand Srivastava, Associate Partner Durgesh Singh and Associates Kashish Arora, Priya Nagpal and Rahul Dave. Kaye Scholer LLP, London was the international counsel for SpiceJet, while Boeing was represented by an in-house team.
Delhi-based digital payments platform instantPay has secured Rs. 34 crore in pre-Series A round of investment from Singapore-based RB Investments and Kaleden Holdings. PSA was the sole law firm on the transaction, advising instantPay and its investors. The team was led by Principal Associate Dhruv Suri, and also included Senior Associate Arya Tripathi, and Associate Rachit Gupta. InstantPay has over 62,000 merchants on board and processes around 10 million transactions per month.
Vatika Group has raised Rs. 700 crore from Altico Capital in what ET describes as one of the largest real estate debt transactions of last year. Deal Altico Capital invests in Vatika Group Value 700 crore Deal Type PE Sector Real Estate Law Firms Luthra & Luthra – Altico; IndusLaw – Vatika Group Partners/Heads Luthra & Luthra – Aniket Sengupta; IndusLaw – Gaurav Dani Luthra & Luthra acted for Altico with a team of Partner Aniket Sengupta and Senior Associate Purvi Dabbiru. IndusLaw represented Vatika Group through a team led by Partner Gaurav Dani and including Principal Associate Jinni Sinha, Senior Associate Nitin Gera and […]
Real estate website PropTiger has merged with Housing.com to form one of India’s largest digital platforms for property listings. According to ET, the deal also involved a Rs. 375 crore fund raise for the new entity by NewsCorp owned online advertising company REA Group and Softbank, the primary investor in Housing.com. Deal PropTiger merges with Housing.com Value 375 crore (fund raise) Deal Type M&A, PE Sector Real Estate Law Firms IndusLaw – PropTiger; AZB & Partners – Housing, SoftBank (Indian) and Nexus; Khaitan & Co – REA Group; Shardul Amarchand Mangaldas – NewsCorp; Nishith Desai Associates – Nirvana Digital; Rajah & Tann – PropTiger (Singapore); Morrison Foerster – SoftBank […]
Everstone Capital Asia has acquired a 70% controlling stake in Mumbai-based tech drug firm Rubicon Research for Rs. 220 crore. The deal involved a primary and secondary acquisition of shares of Rubicon. The secondary acquisition involved a purchase of shares by Everstone from two Kotak domestic entities, Kotak Employees Investment Trust (KEIT) and Kotak India Venture Fund I (KIVF) and one offshore entity Kotak India Venture (Offshore) Fund (KIVOF). Deal Everstone acquires 70% stake in Rubicon Value 220 crore Deal Type PE Sector Brownfield Pharma Law Firms AZB & Partners – Rubicon; Khaitan & Co, In-house team – Everstone; Cyril Amarchand Mangaldas – KEIT, KIVF and KIVOF […]
Kedaara Capital Advisors LLP has invested Rs. 430 crore in Hyderabad-based diagnostics chain Vijaya Diagnostic Centre Pvt. Ltd, reported Mint. Deal Kedaara Capital invests in Vijaya Diagnostic Value 430 crore Deal Type PE Sector Healthcare Law Firms Desai & Diwanji – Vijaya Diagnostic; Veritas Legal – Kedaara Capital Partners/Heads Desai & Diwanji – Siddharth Mody; Veritas Legal – Nandish Vyas Desai & Diwanji acted for Vijaya Diagnostic and the team was led by Partner Siddharth Mody, along with Senior Associate Rahul Deodhar and Associate Kevin Shah. Veritas Legal represented Kedaara through a team led by Partner Nandish Vyas. Vijaya Diagnostic provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and […]
Ahmedabad-based drug maker Zydus Cadila has acquired six brands from the Indian unit of US pharmaceutical giant Merck for an undisclosed amount. Deal Zydus Cadila acquires six brands from Merck Value NA Deal Type M&A Sector Healthcare Law Firms Cyril Amarchand Mangaldas – Zydus Cadila; Nisith Desai Associates – Merck Partners/Heads Cyril Amarchand Mangaldas – Smruti Shah and Anshuman Sakle; Nishith Desai Associates – Gowree Gokhale Cyril Amarchand Mangaldas advised Zydus Cadila with a team led by Mumbai based corporate partner Smruti Shah along with competition law partner Anshuman Sakle. Nishith Desai Associates advised Merck and the team included Partner Gowree Gokhale, Senior Associate Aarushi Jain and Associate Pooja Kapadia. Zydus […]