US private equity firm Kohlberg Kravis Roberts and Co. (KKR) is acquiring a majority stake in homegrown financial services firm Avendus Capital..Cyril Amarchand Mangaldas acted as the legal counsel to KKR. The Cyril Amarchand team was led by Bangalore based partner Reeba Chacko, along with senior advisor – financial services Anand Sinha and of counsel Usha Narayanan. Mumbai based partner Ipsita Dutta advised on regulatory aspects while partner Nisha Kaur Uberoi, advised on competition law aspects of this deal..Simpson Thatcher & Bartlett and Ropes & Gray also advised KKR on FCPA matters. The Simpson team was led by Partner Ian Ho while Ropes team was led by Cori Lable..Khaitan & Co acted for Avendus Capital with a team led by Partners Haigreve Khaitan and Niren Patel..The proposed deal — a combination of new shares and exits — will be worth around $100 million and the founders will continue to remain at the helm, reports ET.
US private equity firm Kohlberg Kravis Roberts and Co. (KKR) is acquiring a majority stake in homegrown financial services firm Avendus Capital..Cyril Amarchand Mangaldas acted as the legal counsel to KKR. The Cyril Amarchand team was led by Bangalore based partner Reeba Chacko, along with senior advisor – financial services Anand Sinha and of counsel Usha Narayanan. Mumbai based partner Ipsita Dutta advised on regulatory aspects while partner Nisha Kaur Uberoi, advised on competition law aspects of this deal..Simpson Thatcher & Bartlett and Ropes & Gray also advised KKR on FCPA matters. The Simpson team was led by Partner Ian Ho while Ropes team was led by Cori Lable..Khaitan & Co acted for Avendus Capital with a team led by Partners Haigreve Khaitan and Niren Patel..The proposed deal — a combination of new shares and exits — will be worth around $100 million and the founders will continue to remain at the helm, reports ET.
