NSPIRA Management Services Pvt. Ltd, which offers services in the education sector, has raised $75 million (around Rs. 515 crore) from Morgan Stanley’s private equity arm and mid-market PE firm BanyanTree Capital. NSPIRA would use the fresh capital to fund both its organic and inorganic growth plans, reported VCCircle. DSK Legal acted as the legal counsel for Nspira and the team was led by Partners Partner Satish Kishanchandani and Hemang Parekh along with Principal Associate Anupam Shukla and Senior Associate Ishita Luthra. Nishith Desai Associates acted as counsel to Morgan Stanley PE and the team was led by Leaders Karan Kalra, Pratibha […]

US private equity firm TA Associates has acquired a significant minority stake in Prudent Corporate Advisory Services, an Ahmedabad-based independent distributor of mutual funds in a deal worth $40 million, reported ET. DSK Legal advised  TA Associates with a team led by Partner Satish Kishanchandani, along with Pritha Jha, Sanket Jain, and Taskeen Hamid.

UDG Healthcare, a Dublin based leading international healthcare services provider has acquired SmartAnalyst Inc, a US-based strategic consulting and analytics business focused on the pharmaceutical and biotech sector for $24 million. SmartAnalyst was founded in 2001 and has 135 employees based across operations in New York, London and Gurgaon, India. Lakshmikumaran & Sridharan represented UDG Healthcare plc for the India leg of the transaction with a team headed by Executive Partner & Corporate M&A Head Shafaq Uraizee . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of […]

Fortis Healthcare has accepted an investment offer from Malaysia’s IHH Healthcare Bhd, capping a months-long bidding war for control of the firm, reported Mint. IHH will be investing Rs 4,000 crore at Rs 170 per share in Fortis that operates about 30 private hospitals in India. Fortis Healthcare had received 2 binding proposals from IHH and TPG-Manipal consortium . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar […]

Smart workspace solutions provider, IndiQube, has raised ₹100 crore ($15 million) of equity in a Series A round led by WestBridge Capital. Shardul Amarchand Mangaldas acted for WestBridge Capital and the team was led by Partner Siddharth Nair along with Senior Associate Asmita Mishra, and Associates Shachi Singh and Vibhu Khanna. The round also saw participation by Ashish Gupta, co-founder of Helion Ventures, who serves on the advisory board of the company.

Consumer durables firm Bajaj Electricals has bought the non-stick cookware maker Nirlep for around Rs. 80 crore, which includes equity and debt. J. Sagar Associates acted for Bajaj Electricals and the team included Partners Sandeep Mehta and Rajesh Pal along with Senior Associate Aarti Iyer and Associate Vishal Shah. Vaish Associates acted for Nirlep and the team was led by Partner & Regional Head – South Martand Singh, along with Principal Associate Siddharth Dang, Senior Associate Alok Sharma and Associate Sonali Shendge. This will help Bajaj Electricals cement its position . . . Facebook Comment To read the entire article, get […]

Offsite infrastructure manufacturing company KEF Infra has announced a strategic merger with Katerra, a US-based technology company. ALMT Legal, Bangalore acted for KEF Infra and the team was led by Partners Rajat Bopaiah, Souvik Paul Mazumdar, and Arindam Basu along with Vidya KS, Yashita Jha, and Richika. Orrick acted as US legal counsel to KEF Holdings led by Partners Mark Seneca and Jeannie Shin.

Blackstone Group is acquiring One Indiabulls Park, Chennai from Indiabulls Real Estate Limited (Indiabulls Real Estate) for Rs. 850 Crore. Shardul Amarchand Mangaldas acted for Blackstone and the team was led by Partner Mithun V. Thanks along with Principal Associate Anjali Menon, Senior Associate Neety Thakkara and Gaurav Dugar, and Associates Akansha Singh and Rutvi Shrimankar The Real Estate advisory team was led by Partners Ashoo Gupta and Aarthi Lakshminarayanan and included Senior Associate C . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and […]

Digital lending company LoanTap has raised $6.25 million (Rs 42.83 crore) in an equity funding round led by Beijing-based venture capital firm Shunwei Capital. The round also saw the participation of Mumbai-based private investment firm Tuscan Ventures, reported ET. Kochhar & Co. advised LoanTap . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a subscriber ? Login

CapitalG, the growth-stage investment arm of Google’s parent company Alphabet, has led a Rs. 147 crore funding round in non-banking financial company (NBFC) AYE Finance. The existing investors  – SAIF Partners India, Accion Africa-Asia Investment Company and LGT Capital Invest – also participated in this round. J. Sagar Associates acted for CapitalG and existing investors and the team included Partner Probir Roy Chowdhury and Associate Yajas Arvind Setlur. IndusLaw

IndusInd Bank has signed a share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority shareholders to acquire 100% of IL&FS Securities Services Limited, (ISSL), a subsidiary of IL&FS. S&R Associates acted for IndusInd Bank and the team was led by Partners  Rajat Sethi and Sudip Mahapatra along with Jagriti Mohata, Dhruv Nath, and Akanksha Sharma. Cyril Amarchand Mangaldas advised IL&FS . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access […]

Penguin Random House India has acquired Hind Pocket Books, one of the oldest and most respected Hindi language publishers in the country. S&R Associates acted for Penguin Random House and the team was led by Rachael Israel, Radhika Agrawal, Ruth Chenchiah and Tarinee Sudan. Chamber of Madhavi Khare advised Hind Pocket Books. Established in 1958, Hind Pocket Books is widely considered as a pioneer in publishing Hindi and Urdu paperbacks in India and has an impressive list . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

Link Legal represented two Chinese investors – CDH and Morningside, in leading the $12 million Series C round of investment in Cashify, which also included investment from certain existing investors, namely Bessemer, Shunwei Ventures and Trifecta Venture Debt. The transaction team from Link Legal included Partner Manish Gupta, Principal Associate Pratyush Khurana, and Associate Suraj Prasad. Bessemer was represented by Khaitan & Co (Bangalore).

SMECorner, the online lending platform has raised approximately around $7 million (Rs.47.5 crore) collectively from Capital First and the existing investors – Accion Africa-Asia Investment Company and a clutch of high net worth individuals. The capital raised by SMECorner is a mix of both equity and debt wherein Rs.25 crore has been raised in debt and the rest Rs.22.5 crore is raised in equity. Jerome Merchant + Partners

Automotive battery maker Exide Industries has signed a pact with Swiss-based firm Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market. Trilegal acted for Leclanche with a team led by Partners Akshay Jaitly and Charandeep Kaur along with Counsel Moksha Bhat and Associates Shringarika Priyadarshini and Dhruv Malhotra. The Trilegal team members working on the intellectual property . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and […]

Italian luxury group Ermenegildo Zegna and Reliance Brands have collectively picked up an equity stake in homegrown fashion designer Raghavendra Rathore. Karanjawala & Co external counsel Premtosh Mishra along with Senior Associate Yojna Goyal, and Associate Saloni Aggarwal advised Raghavendra Rathore’s company. Khaitan & Co acted for Ermenegildo Zegna and Reliance Brands Limited with a team led by Associate Partner Sameer Sah along with Principal Associate Kunal Mehta.

Japan’s Mitsubishi Chemical Corp. (MCC) is acquiring the PVC compound business of Welset Plast Extrusions Pvt. Ltd, a Mumbai, India-based plastics specialist. AZB & Partners acted for Mitsubishi Chemical Corp. with a team led by Partner Shameek Chaudhuri along with Senior Associate  Medha Marathe and Associate Saloni Thakkar. Clove Legal advised Welset Plast Extrusions with a team led by Partner Dharmesh Kotadia along with Senior Associate Nupur Rustagi and Associate Ashita Songara.

PolicyBazaar, along with PaisaBazaar, has secured $238 million (Rs. 1,600 crore) in equity financing led by SoftBank. The other investors are TrueNorth and InfoEdge. Samvad Partners acted for PolicyBazaar and Paisa-Bazaar with a team led by Partner Ashwini Vittalachar, along with Senior Associate Junaira Rahman and Associate Riddhima P. Murjani. Trilegal acted for SoftBank with a team led by Partner Rohan Ghosh Roy, along with Senior Associate . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to […]

India’s online food ordering startup Swiggy has raised $210 million in fresh funding from new and existing investors led by South African media company Naspers Ltd and Russia’s DST Global. The latest funding values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation based on a February fund-raising round, reported Mint.

One97 Communications Ltd which owns payments app Paytm has acquired the New Delhi-based technology start-up Cube26. Cube26 is backed by Tiger Global Management and Flipkart. Shardul Amarchand Mangaldas acted for Paytm and the team was led by Partners Raghubir Menon, Ekta Gupta, and Aditya Parolia. Obhan & Associates advised Cube26 and the team was led by Partner Ashima Obhan along . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to […]

Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies Inc., has acquired investment advisory firm India Life Capital. J. Sagar Associates acted for Mercer and the team included Joint Managing Partner Shivpriya Nanda, Partners Minu Dwivedi and Daksh Ahluwalia, Principal Associate Zain Pandit and Associates Adhiraj Gupta, Priyanka Murali and Tanisha Bhatia. Partner Kumarmangalam Vijay advised on the tax-related aspects of the transaction. Partner . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all […]

eShakti, a women’s fashion brand based in Chennai, has raised ₹75 crore from Paragon Partners Growth Fund-I, a private equity fund focused on mid-market segments, reported Mint. Khaitan & Co acted for Paragon Partners with a team led by Partner Kartick Maheshwari and Abhishek Sinha along with Principal Associate Kunal Mehta and Associates Abir Sarkar

Omnivore-backed agritech startup Stellapps Technologies has raised $14 million in one of the largest equity funding rounds led by Gates Foundation and IndusAge Partners, among others. ALMT Legal, Bangalore, acted for Stellapps Technologies with a team led by Partners Satish Srinivasan and Arindam Basu along with Senior Associate Sandhya Bhaskar and Associate Sanjeev Kumar. IC Universal Legal advised Indusage, the lead investor in the transaction. The team was led by Chennai Partner Sameena . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, […]

Cytecare Hospital has announced the closure of its $31 million Series A round, including participation from Goldman Sachs. J. Sagar Associates advised Cytecare Hospital with a team led by Partners Vivek K Chandy and Raj Ramachandran along with Senior Associate – Pooranimaa Hariharan. Nishith Desai Associates acted for Goldman Sachs and the team was headed by Leaders Simone Reis, Dr. Milind Antani, Anay Shukla and Senior Associates Jenisha Parikh, Darren Punnen, Hetal Pandya, Emriel . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and […]

Singapore-based private equity firm L Catterton Asia is buying a 10% stake in Kishore Biyani-led Future Lifestyle Fashions for approximately Rs. 846 Crores. L Catterton Asia is acquiring the stake in Future Lifestyle through a mix of preferential allotment and secondary purchase of shares. Future Lifestyle is backed by PremjiInvest, which is also offloading stock worth 334 crores, reported VCCircle. Economic Laws Practice advised Future Lifestyle Fashions with a team led by Partners . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

Dutch social investor Oikocredit and Asia-focused venture capital firm Insitor have provided seed capital to Aashiyaan Housing & Development Finance. Aashiyaan, which has sought National Housing Bank’s permission to do business in affordable housing segment, has also received funding from individual investors such as journalist Swaminathan Aiyar and Columbia University professor Neeraj Kaushal. The firm raised about Rs 13.5 crore, including Rs 5 crore each from Oikocredit and Insitor, reported