PE fund Jacob Ballas acquires minority stake in DBM Geotechnics Alliance Legal and Wadia Ghandy advise

Private equity firm Jacob Ballas has invested Rs. 100 crore ($20 million) in Mumbai based engineering infrastructure firm, DBM Geotechnics and Constructions through NYLIM Jacob Ballas India Fund III to buy a minority stake..Alliance Legal advised DBM with a team led by Partner Vishnu Jerome and Senior Associate Shameek Ray..Wadia Ghandy advised Jacob Ballas with a team led by Partners Marylou Bilawala and Amit Manubarwala along with Associate Deepak Kumar..According to Dealcurry, DBM Geotechnics will use the funds to expand its services in marine infrastructure construction on both major and non-major ports..Set up in 1990, DBM provides geotechnical services, such as geotechnical investigation (land and marine), piling and micropiling, construction of diaphragm walls, berths, jetties, pre-stressed rock anchoring, and topographic and hydrographic surveys.It is promoted by D B Mahajan, and his two sons. DBM Geotechnics clientele include Lanco Infratech, JNPT, Mumbia International Airport, Tata Projects, ONGC and Gammon India among others..In December 2011, Jacob Ballas announced that it expects to invest about Rs. 770 crore in India over the next 12 months. Recently, NYLIM Jacob Ballas had invested Rs. 200 crore ($ 39.65 million) in Religare Finvest, an NBFC focused on small and medium enterprises and a wholly owned subsidiary of Religare Enterprises. S&R Associates advised Jacob Ballas while AZB & Partners advised Religare..Last year in October, NYLIM Jacob Ballas had invested Rs. 67 crore ($13.5 million) in Hyderabad-based Vivimed Labs. Again, S&R Associates had advised Jacob Ballas.